What affects property values?

Some of 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 a 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 natural average.
3. Mature Trees:  A big beautiful tree int he 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 rural areas, but residents in dense cities can have real propblems 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 area will raise your 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.

Call The Heilbrun Home Team today if you have any questions about this article, buying or selling your home, 253-307-6438.  We can help you with all of your real estate needs.