Ann Marie Martin


Posted by Ann Marie Martin on 4/30/2018

You may have looked up what the estimate of your home’s value is online. This is purely a number based on what other homes in the neighborhood are selling for. There are some obvious factors that you need to know to calculate your home’s value. These include: how many bedrooms, how much square footage and how much land the home resides on. There are some not so obvious factors that are included in calculating the value of a home. Here’s some things that typically affect a home’s value:


The Street Name


As bizarre as this sounds, it’s true. Whatever suffix that your street name ends in can have an impact on the price of a home. “Street” is less expensive than Boulevard, Road or others. You may even be lucky enough to live on Park Place or Boardwalk!   


Your House Number


People have superstitions and varying beliefs. Whether it’s numerology or the fact that you live at an infamously unlucky number house, buyers will be less attracted to your place. This is another one of the stranger factors you must keep in mind when it comes to valuing your home. 


The Neighbors


If you live close to any neighbors, they will play a factor in how much you can get for your home. If your next door neighbor has strange taste in paint color or has built an eccentric shrine in his front yard, potential buyers may be turned off. You can’t pick your family. However, if you’re moving you do have a say as to what kind of neighbors you’ll surround yourself with. Be prepared for this to affcet your home value if this is the case.   


Trees


Did you know that trees increase the value of your property? When properties are being built, trees are often cleared away. If you have trees around your property that have grown, you’ll find that you can get a bit more for your home. Want to add value to your home? Get planting!   


Crown Moldings Are King


People love crown molding. You can put in crown molding as an easy way to add value to your home and be more attractive to buyers. While buyers look for high ceilings, crown molding can certainly be a deal breaker. 


Your Hobbies Are A Buyer’s Hobby


If you have anything in your home that buyers love, they’re more likely to want to buy the home. If you’re a huge football fan, and a buyer comes along with matching interest, you could add some more attention to your home. The reason is that buyers can easily see themselves there due to the shared interest. But, this also has a reverse effect. Not everyone is a football fan. If you want to appeal to a larger pool of buyers, (which you probably do) you may want to get the extensive hobby paraphernalia out of your home before it’s shown.


A Crime On The Property


If there was a death on the property or a significant crime, people will be turned off. This will significantly affect the value of your property. You’ll most likely have to reveal the death or the crime in the buyer’s disclosure as well based on legal requirements. 


What’s Nearby?


Whatever is nearby could have a significant effect on your home’s value. Whichever kind of grocery store or restaurants are nearby can really help the value of your home. People love their daily coffee! If there’s a unique coffee shop down the street, or a popular grocery chain, you could be looking at potential gains on the value of your home.





Posted by Ann Marie Martin on 8/7/2017

Increasing the value of your home doesn't always require a significant amount of money or time. The benefits are far reaching. A lift in the value of your home can shorten the path to selling your current house so that you can move into a better residence. Of course, it will also improve your equity. These steps can increase your home's value without breaking the bank. Paint can do wonders Apply a new layer of paint to each room at your house. Fresh paint is one of the quickest ways to give your house a face lift and increase the value of your home. Consider going with neutral colors, especially if you plan on selling your house soon. Carpet can improve air quality Installing new carpet or pulling up the existing carpet and going with hardwood floors is another way to enhance your entire house. Not only can new carpet lend your house a more modern look, new carpet can also improve your house's air quality by getting rid of contaminants and allergens. Live mold free Check window edges, the bathroom, basement, kitchen and other areas where water collects for mold. Use a brush to scrub away mold. Make sure that you wear rubber gloves. If mold covers an entire wall or other large spot, contact a professional. You don't want mold spores to spread. Safety counts To increase the value of your home, upgrade exterior and interior doors. Another option is to upgrade your door locks. A safe home is attractive to potential buyers. Concerning safety, make sure that windows in your home have safety locks on them and that they are designed to be opened from the inside instead of the outside. Give the kitchen and bathroom a lot of attention Upgrade bathroom and kitchen faucets. Brown, wood cabinets can also add value to your bathroom or kitchen. If you're looking to save even more money on upgrades, consider hanging a decorative mirror over the bathroom sink and installing a shower spigot that has a massage feature. While you're in the bathroom, lay new tile and add caulking to shower or tub edges. Go for great lighting Replace plain ceiling lights with stylish lights that also operate as ceiling fans. Save money on table lights by purchasing unique lamp shades. While you're thinking about lighting, consider upgrading window treatments. For example, you could hang neutral colored blinds. Other options include cellular shades, roller shades, wood shades, drapes and vertical blinds. Get outside Work with your entire family to clean weeds, leaves and litter out of your front and back yards. Plant flowers at the edges of your house. Also, trim hedges and bushes. If your garage and house need to be washed, grab a hose and wash away dirt and stains. Adding new handrails to the front and back porch steps is another way to increase the current value of your home. Your neighborhood also plays a role in the value of your home. Get involved in community and local government events. Report suspicious persons or activities. Get to know your neighbors and encourage the best in each other.