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What Can Affect The Value Of Your Home?
(page 1 of 2)
Obviously there are aspects of each property that can simply be categorized
as good and bad. Things that make a home a desirable property make it
attractive and raise its value or ones that should make you stop, take
pause and move on to the next prospect.
Here is a list of watch points that can help you decide if the pros out
weigh the cons, or not.
- When an appraiser Goes to Check on a Property and Reach a Determination
of Its Value One of the Most Important Rooms on His List Is yhe Kitchen.
The kitchen can become the focal point of the house. If the property's
kitchen has very good cabinetry, new appliances and a sensible work space
it is considered to be something that enhances the overall value of the
house. If any aspect of the kitchen is in disrepair it will only cost
you more after purchase to rehabilitate the space and make it workable.
Another aspect that makes a kitchen attractive asset to homes is: open
plan. Good positioning of the lighting and windows and abundant storage
space. Families spend a large percentage of their time in the kitchen
and if it is a good one it will only increase the overall value of the
property when you go to resell it.
- Spacious, Well-appointed Bathrooms, Like Kitchens, Are a Must
For Good Value These Days. They must be conveniently located
through out the floor plan and in good repair. Similar to a kitchen bathroom
upgrades can be expensive, time consuming and upset the inhabitants daily
life. The amenities provided in a good master bathroom, which is by far
the most important of them all, are: double sinks, a large shower and
a separate bath that includes whirlpool jets. If the bath area is spacious
and the toilet is also situated in its own area, for privacy, you have
the beginning of a sure winner. All of this may look good on first inspection
but a bathroom requires closer scrutiny. Be sure to inquire, and get confirmation,
on the age and size of the pipes and water heater. If the bathroom itself
has only received a cosmetic make over and the pipes are still 25 to 30
years old or if the water heater is an older, inefficient model and not
over 100 to 125 gallons, they will not be able to provide the pressure,
volume and temperatures that will make the amenities worth having. Further,
just like the kitchen, a bathroom renovation is not something to look
forward to, it should already have been done and done right. Appraisers
will also give good points for a well-built bath.
- The Master Bedroom Is as Important as the Master Bath. Spaciousness is a must; separate areas for a vanity and dressing area
and large closets should be first on the checklist. Good lighting in all
areas and a control center near the bed will also be taken into account.
Check to see if the master suite has access to a balcony or deck and how
good of a view there is.
- Building Materials and Surfaces Have Become More Important in This
Day and Age Then They Were in the Past. Good, solid, natural
materials have come back into vogue and will substantially add to the
allure and resale values of any home. Gone are the days of linoleum, aluminum
siding and exposed grid acoustic ceilings. Hardwoods, ceramic tiles and
durable carpets in excellent repair should be on your checklist. Not only
are these items attractive but long lasting and sturdy, eliminating the
need for periodic repair or maintenance
- Like People, Homes Can Make a Lasting First Impression. Love at first sight is not just a recurring theme in romantic movies;
it can pertain to a home as well. If the house presents a very good first
impression it can boost the appraised value as much as 10%.
- How Much Actual Space There Is and Not Feeling Confined Is
the Feeling That People Want From There Home. The more natural
light there is and the appropriate positioning and style of electric light
will make a house more welcoming and habitable.
- Hand in Hand With Spaciousness Is the Size, Style and Positioning
of the Windows. Are the frames solid and in good shape? Is there
double or triple glazing to keep out the heat in summer and efficiently
maintain warmth in the cold winter months? Environmental concerns are
at the top of the list of priorities as they are directly related to monthly
utility costs as well.
- A Good-sized Yard That Allows for the Home to Be Setback From the Adjoining
Property Line Is a Great Plus. Are there sufficient shade tress
and decorative plants? Is the lawn in good repair and or will you need
to have a landscape architect's services?
- Well-maintained Drives and Walkways Are Also Nice and the Larger
the Property the More This Will Come Into Play If They Are in Need of an Upgrade.
- If the Home Has a Basement That Can Afford Extra Living Space,
an Office or Play Area and Abundant Storage these things can
also enhance the value of the home. Be sure the basement is not damp or
prone to flooding. If the heating and air-conditioning equipment are situated
in this space be sure they are well ventilated and easily accessible for