For many homebuyers, thinking about how to increase a home’s value may be the last thing on their minds. However, there are certain external factors that can add value, many of which are quite unexpected. You may want to consider the impact of these before you actually buy a home. There are also many projects you can do to improve a home’s resale value. Below are some surprising things that could increase your home’s value that you might not even think of.
Living Near a Supermarket
Everyone loves Publix so it’s no surprise that living close to one would raise your home value. Generally speaking, if you buy a home in a planned community, chances are you will be right around the corner from everything you will need including grocery stores. Plus, in Lakeland, you can’t go 10ft without running into another Publix.
Mature Trees
It is easy to gravitate toward brand-new homes in newly established communities, but something you won’t find is mature trees. A well-established neighborhood usually has plenty of those. In fact, trees can increase a home’s value by 2%- 15%.
Walkability
The desirable neighborhood quality is a lot more realistic is urban areas since you will be more likely to live around the corner from your favorite coffee shop, retail stores, and restaurants. However, even some suburban areas may have good walkability, especially if local schools and parks are nearby.
Recreation Area
Speaking of parks, if you live within walking or driving distance to a park or large recreation area your home’s value will surely go up. Depending on your preferred hobbies, you may want to buy a home that’s in close proximity to things like a golf course, playground, tennis courts, or dog park. Outdoor recreation is especially beneficial for families with young children and those who enjoy being active.
On-Trend Features
If you have been scrolling through Pinterest lately, you probably know that farmhouse decor and white kitchens are all the rage. It’s impossible to keep up with all the new trends but if you are thinking about selling your home soon it’s not a bad idea to see what people like to see in homes. Updated kitchens, in particular, can add significant value to your home but simply staying on trend with your wall color and decor could lead to a faster sale.
Mother-In-Law Suite
Any type of additional unit, whether it’s an in-law suite, apartment or carriage house, can add significant value to your home. A big benefit of having this separate space is to build a secondary stream of income, but many, it’s also a nice place for friends and family to stay when they visit. Before buying a home with an accessory dwelling to be used as a rental, be sure to research the local laws to ensure you’re allowed to do so.
Good School System
A motivating factor behind where many people choose to live is the quality of the area’s school system. For those who have or intend to have children, finding a home in a school district with a highly rated and safe school is typically at the top of the “must-have” list. For some families who plan to send their children to private school, this factor may not influence where they decide to buy. If public schools are in your kids’ future, be sure to do your research on the area schools before you fall in love with a home in that school district.
