Perhaps you are considering listing your home for sale, or you are thinking about purchasing a home soon. There are a few things to consider that can guide you in either situation.Some of the
What Influences Property Values
Dated: October 5 2017
Perhaps you are considering listing your home for sale, or you are thinking about purchasing a home soon. There are a few things to consider that can guide you in either situation.
Some of the features that increase property values are obvious. For instance: a remodeled bathroom, a modern kitchen, or a sought-after neighborhood. But, here are a few features and circumstances you may not have realized can affect property values.
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 neglectful or inconsiderate neighbors can potentially be undervalued.
Trendy community amenities: Recent statistics suggest that if a home is a short walk from places like popular grocery stores like Trader Joe's and Whole Foods and coffee chains like Starbucks, it can actually appreciate faster than the national average.
Mature trees: A big beautiful free 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.
Parking: This isn't too much of an issue if you are looking in the suburbs or a rural area. But, residents in densely populated cities can have real problems with parking. 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.
Front Entrance: First impressions matter! You may be surprised to know that many buyers will cross a home off their list within seconds of stepping through the front door if it is off-putting. An appealing front door, friendly entryway, and a functioning doorbell are all necessities for getting top dollar.
For most people, a home is the biggest investment they'll ever make. Whether you plan on buying a new home, or selling a current one, knowing the conditions that may determine it's value can be useful!
SPECIALIZING IN NORTH MACOMB & OAKLAND TOWNSHIP Kimberly Drescher has spent over 20 years working with and advising clients so that they have the information necessary to make decisions in their be....