4 Surprising Things That May Increase How Much Your Home Is Worth
A number of factors go into what a home is worth. Data points such as neighborhood, home condition, and amenities are commonly used to determine a selling price, as well as comparing a property to similar ones nearby. However, there are some surprising things that may increase how much your home is worth. When asking what's my home value, consider the following points.
1. Distance to a Starbucks
Do you live near a Starbucks or other popular coffee joint? That's great! A 2015 report from Zillow found that homes located within a quarter-mile of a Starbucks increased in value significantly compared to the nationwide average. Similar results were found when evaluating data related to the Dunkin' Donuts chain. Apparently, buyers will pay a premium for the convenience of being able to walk for their morning cup of joe.
2. Blue Kitchens and Bathrooms
The colors of your rooms, particularly the kitchen and bathrooms, also matter when it comes to getting top dollar for your home. A 2017 paint color analysis by Zillow took a look at 32,000 photos of homes that recently sold across the nation. It was determined that those with blue kitchens were able to fetch an $1809 premium over comparable homes that had white kitchens. Sellers can really get a tremendous bang for their buck, according to the report, if they have soft blue or periwinkle bathrooms. These saw gains of $5440 more. Buyers appreciate walls in soft neutral colors because they give off a clean and well-cared-for vibe. That's why real estate companies in Bucks County often recommend opting for neutral tones.
3. Trendy Amenities
Home decorating and renovation shows are all the rage these days. Chances are, prospective buyers are watching them. That's why you should take some tips from TV's top designers and add trendy amenities to your home whenever possible. Things like barn doors, shiplap, and farmhouse sinks can help your home to sell faster and for a higher price. Adding keywords for current trends to your listing can help your property get noticed when photos alone aren't showing the whole picture.
4. Proximity to a City
If you live near a major metropolitan area, you can count on your home selling for more. The median home value for urban areas has been steadily on the rise in the past decade. You can count on an urban property to sell for approximately 35% more than its suburban counterpart.
Keep these things in mind when preparing to sell your home, especially if you're eager to move on. Making a few cosmetic enhancements or upgrades can lead to big bucks and a quick turnaround. Giving buyers what they want is one of the most strategic ways to sell your home.