What Affects Property Values?

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what affects property value

 

If you’re thinking about selling your house, you’re likely worried about your house value. So what affects property value?

Some the features that increase values are obvious – like a remodeled bathroom, a modern kitchen, or a sought-after neighborhood. But there are a few features and circumstances you may not realize can greatly affect your property values:

  1. The Neighbors:

    Not every neighborhood or community has an HOA that keeps the neighbors from going overboard with decorations or neglecting to care for their home. Homes adjacent to challenging neighbors can potentially lose value.

  2. Trendy Grocery Stores and Coffee Places:

    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. The Presence of 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.

    Home Price Appreciation

  4. Access to Parking:

    This isn’t too much of an issue if you live in the suburbs or in a rural area. Residents in dense cities however can have real problems with parking. They may need to even rent a spot just to guarantee a place to park each night. That’s why having guaranteed parking in urban areas will raise your property values.

  5. An Appealing 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.

Here are some additional resources for helping you determine your home value:

Are you in King County WA and need help selling your home? Give me a call today to chat about how I can help you!