Belial
Not to be critical, but with only a 400sqm block, you were never going to have much of a backyard.
Especially once you take into account front setbacks etc.
That is unless you put a townhouse or 2/3 bedroom unit on it.
In terms of resale, that land size (400-500sqm) has become more and more prevalent.
More land would give you a better resale figure, but having a cramped house on a small block would in my opinion hurt your resale further.
Really depends on the target market, some people don't like to garden and work during the week, who will just want a nice house to spend time in at night. So small low maintanence would suit them.
Comparitively a family with small kids probably wouldn't be interested with little backyard.
I don't think it 'hurts' the resale of the property as such, but it may limit the market your going to appeal to.
The other thing also to consider is even if you went double story, the footprint and hence 'backyard' space isn't going to increase dramatically.
On a slight tangent, imo you need to build the house you want to live in everyday.
The last thing you want is to come home from work to something your not happy with, just because it *may* provide a higher resale value sometime in the future.
Remember its only worth what someone is prepared to pay for it, and they'll only pay for it when it meets their own individual requirements, which most of the time will not 100% match with your choices.
You'd be more likely to dimish your target market by unusual colour schemes or through the use of quirky items, especially if they are non-removable or not easily changed.
Eg. Choosing a pale pink render to go with lime green glazed bricks and a firetruck red front door and purple candy striped interior walls
Especially once you take into account front setbacks etc.
That is unless you put a townhouse or 2/3 bedroom unit on it.
In terms of resale, that land size (400-500sqm) has become more and more prevalent.
More land would give you a better resale figure, but having a cramped house on a small block would in my opinion hurt your resale further.
Really depends on the target market, some people don't like to garden and work during the week, who will just want a nice house to spend time in at night. So small low maintanence would suit them.
Comparitively a family with small kids probably wouldn't be interested with little backyard.
I don't think it 'hurts' the resale of the property as such, but it may limit the market your going to appeal to.
The other thing also to consider is even if you went double story, the footprint and hence 'backyard' space isn't going to increase dramatically.
On a slight tangent, imo you need to build the house you want to live in everyday.
The last thing you want is to come home from work to something your not happy with, just because it *may* provide a higher resale value sometime in the future.
Remember its only worth what someone is prepared to pay for it, and they'll only pay for it when it meets their own individual requirements, which most of the time will not 100% match with your choices.
You'd be more likely to dimish your target market by unusual colour schemes or through the use of quirky items, especially if they are non-removable or not easily changed.
Eg. Choosing a pale pink render to go with lime green glazed bricks and a firetruck red front door and purple candy striped interior walls
Well said... I second this