WHAT AFFECTS PROPERTY VALUES

Dated: 06/08/2017

Views: 145

Image title


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.

Blog author image

Allan Feinstein

All Buyers and Sellers of real estate in N.C. are required to be given a brochure furnished by the North Carolina Real Estate Commission "Working With Real Estate Agents”. You can find a copy of thi....

Latest Blog Posts

Video Doorbells Say Hello To Your Raleigh Home Virtual Doorman

Everywhere you look, new smart home technology seems to be popping up. Security cameras that can tell friend from foe and UPS delivery man from the neighbor’s dog, door locks that only need a

Read More

10 Tips For Sellers And Buyer This Spring

10 Tips for Homebuyers and Sellers This SpringSpring is here, and so is spring home-buying and -selling. Buyers and sellers preparing to take action this season should put those plans into play 

Read More

Triangle MLS Market Update For February 2018 Durham Johnston Orange And Wake

Triangle MLS Market Update for February 2018 Durham, Johnston, Orange, and

Read More