WHAT AFFECTS PROPERTY VALUES?
Somefeatures that increase property values are obvious—like a remodeled bathroom,a modern kitchen, or a sought-after neighborhood. But here are a few features and circumstances you may not realize can affect propertyvalues.
1.The neighbors: Not every neighborhood or community has an HOA that can keep theneighbors from going overboard with decorations or neglecting to care for theirhome.Homes adjacent to crazy neighbors can potentially be undervalued.
2.Trendy groceries and coffee: Recent statistics suggest that if your home is ashort walk from popular grocery stores like Whole Foods or coffee chains likeStarbucks, it can actually appreciate faster than the national average.
3. Mature trees: A big beautiful tree in the front yard is enviable,and it’s not something that can be easily added to any home. Homes with maturetrees tend to get a little boost in value.
4. Parking: This isn’t too much of an issue if you live in the suburbsor in a rural area, but residents in dense cities can have real problems withparking, and homeowners might need to rent a spot just to guarantee a place topark each night. That’s why having guaranteed parking in urban areas will raiseproperty values.
5. The front entrance: First impressions matter to buyers—many willcross a home off their list within 10 seconds of stepping through the frontdoor. An appealing front door, a friendly entryway, and a functioning doorbellare all necessities for getting top dollar.
We’d be happy to share our expert knowledge with you. Give us a call to put fresh eyes to your home and help with quick tips to increase value and appeal to a broad range of buyers.