Thinking About Future Resale Value

Dated: 03/22/2017

Views: 215

Picture Everyone knows that having a remodeled kitchen or a large backyard will affect the resale value of your home; however, did you know that being closer to a Starbucks correlates with a higher sales price?  According to research from Zillow, “Between 1997 and 2014, homes within a quarter-mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes”
 
Having your morning cup of joe close by adds value to your home, but there are a number of items that may negatively affect the value of your home.  You may want to use caution when considering a property with electrical poles on the lot.  Many buyers fear electrical poles; be particularly cautious when purchasing a property with transformers on the lot.  Some people believe these are linked to certain health risks.  Others simply don’t want someone entering their property every time a major storm causes a power outage.  I also recommend looking at the title policy closely when purchasing a property.  Keep an eye out for any easements noted.  These may be for utility companies or a variety of other reasons.
Convenience to local transportation can also affect the value of your home.  I have heard horror stories of people purchasing a home and later realizing that a daily train made such a racket they could not live comfortably in the house.  Also be cautious of purchasing a property on a busy street.  That being said, in some areas, being close to public transportation may actually be positive, thus, increasing the desirability of the property.
These tips are good eye openers.  However, they are not all encompassing.  If you are considering making a purchase and resale value is important to you, contact a real estate professional for an in-depth analysis.
Blog author image

Erika Albert

Erika Rae Albert is an Austin native who has built her business around one guiding principle, YOU always come first. Prior to joining the real estate industry, she honed her her customer service s....

Latest Blog Posts

Your Guide to the City of Austin - ATX Homes Sold Intro

Your Guide to the City of Austin Have you ever wished there was a place that had almost everything you could dream of? In that case, let me introduce you to the city of Austin, Texas.We have

Read More

Fall Family FUN!

With fall upon us, I wanted to share some fun family ideas you can start planning now. I’d love to hear what you’re going to be doing! ☺Here are 4 quick ideas to help you plan your

Read More

8 Benefits of Buying a Brand New Home

 If you’re thinking about buying a home, you may begin your search by looking at a diverse array of properties. Even if you know you want a move in ready home, you may be comparing new

Read More

WHAT SHOULD BUYERS LOOK FOR WHEN BUYING A HOME

Being a former contractor, there are a few tools I use when assisting clients with finding a home.  These tools can be used when searching for a new home to buy or assessing the current value

Read More