What Affects Property Values

Dated: 02/10/2017

Views: 159

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.

 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.

 2. Trendy groceries and coffee: Recent statistics suggest that if your home is a short walk from popular grocery stores like Whole Foods or coffee chains like Starbucks, 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 mature trees tend to get a little boost in value.

 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.

 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.

To find out how much your home is worth request a free evaluation at Clayton.BoiseRealEstateSearch.com

Latest Blog Posts

WHICH DOWN PAYMENT STRATEGY IS RIGHT FOR YOU

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and

Read More

5 Negotiating Tactics That Kill A Sale

Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a

Read More

Physician Loan And Real Estate Services

1. Match DayAll across the country, young doctors will be joining various hospitals on what is known as Match Day. This is a big move for most to new cities, away from friends and family. I am so

Read More

What Is A Good Reason To Move

Moving can be a stressful, time consuming, sometimes expensive process. So why do so many people do it? Well, here are the top 10 reasons people choose to move...1. Need more space2. Want an.

Read More