READ: 5 Things That Affect Home Values You May Not Have Considered

Front Door Painted BrownSome of the features that increase property values are obvious: a remodeled bathroom, a modern kitchen, or a sought-after neighborhood. Here are a few features you may 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, painting their home an less-than-desirable color or neglecting to care for their home or yard. Homes in or 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. Plus, the shade they offer can add to energy efficiency in the summer. 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 denser cities or in communities with town homes or condos 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.


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