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What affects property values?

 

 

What affects property values? Below are some the features 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 have not have realized can affect property values. Do you need more information about how to get more money out of your home?

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1. The neighbors: Not every neighborhood or community has an HOA that can keep the neighbors from going overboard with decorations or neglecting to care for their home. Homes adjacent to crazy neighbors can potentially be undervalued. This would have a direct affect on your ability to sell your own home. You also want to make sure that the area on both sides of your home looks as nice as your home’s own curb appeal.

 

2. Trendy groceries and coffee: Recent statistics suggest that if your home is a short walk from popular grocery stores like Trader Joe’s or coffee chains like Starbucks, it can actually appreciate faster than the national average. Are you close by shopping, restaurants and activities for the family? Picture of Trader Joe’s in Downtown Summerlin is a great example of shopping, dinning and entertainment in a great location! This is a perfect example as to What affects property values.

 

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 mature trees tend to get a little boost in value. Curb appeal and first impressions are huge in real estate. If the front of the home isn’t inviting, then what would the inside of the home say? Having a variety of mature plants and trees along with attention to detail makes a huge difference! When the front of your home is appealing to buyers, they know that the inside is going to be nice as well.

 

4. Parking: This isn’t too much of an issue if you live in the suburbs or in a rural area, but residents in dense cities can have real problems with parking, and homeowners might need to rent a spot just to guarantee a place to park each night. That’s why having guaranteed parking in urban areas will raise property values. Nice long streets that have plenty of room and space to make sure that everyone has access to their homes and has parking for friends and family to visit.

 

 5. The front entrance: First impressions matter to buyers-many will cross a home off their list within 10 seconds of stepping through the front door. An appealing front door, a friendly entryway, and a functioning doorbell are all necessities for getting top dollar. Once again, curb appeal is huge when selling your home! You want that buyer to walk up to the home and love the curb appeal but also wanting to check out what is inside the home too!

Questions? Ask Michael