Chris Myers's Blog

What Affects Property Values




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

Chris Myers
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Allison James Estates and Homes of Florida

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