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.
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.
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.
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.
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.
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.
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