Changes in demographics, new apartment construction and smaller lot sizes have resulted in Australian properties getting smaller. In fact, the size of an average new home has shrunk to a 20-year low. Capitalising on size, and ‘making the most of what you’ve got’, is essential to securing maximum return on a property investment. We spoke to Dominic Gorman, Director of Platinum Painting, to find out how…
Q. I am listing (or managing) a small apartment – how can interior depth improve returns?
A. “Adding a feature wall or customised wallpaper can enlarge the appearance of small or awkward spaces, increasing consumer value (and rental or sales return). There are many clever designs around – some can add a third dimension to a room which creates a perception of depth – this adds a lot of value to small spaces.”
Q. I have tenants in my property – what’s more cost-effective and durable?
A. “Professionally hung wallpaper lasts up to 3 times longer than paint. It costs more, but handled correctly, will go the distance.”
Q. Is wallpaper effective in a commercial space?
A. “Increasingly, businesses are using custom prints to get their brand message across to consumers. From doctor’s offices to cafes – wallpapering is a great way to kill two birds with one stone – decorating and marketing.”
With 20+ years experience – what do you recommend?
“There are pros and cons to painting and wallpapering. Factors to consider are ease of application, cost and the versatility of your space. Whatever you choose – done right, the investment will pay for itself.”