Cory Gracie's Blog
00 Hubbardston Rd, Templeton, MA 01468
The neighborhood you live in has just as much to do with the value of your home as the features of the house itself. The right amenities in a community can increase the value of your home significantly. Read on to find out the most desirable features of any area.
Places To Walk
Whether it’s immaculate sidewalks, hiking trail, or parks, anywhere that you can be outdoors and walk easily increases the value of the nearby homes. This is because it’s great for families to get out, get some exercise, and not have to go very far. This feature can bring in anywhere from a few hundred to over a thousand dollars above your home’s asking price.
We often take trees for granted, but trees that have grown up around a property can add some value to the home. Think of it in the context of, however natural a neighborhood is, the higher the value of the homes in it. Before you think about cutting down any trees around your house, consider the fact that grown trees can increase the cost of a home by up to 5%!
Neighborhoods that are surrounded by historic districts, landmark homes, or other places of historical interest have the higher value. For one, these are usually walkable neighborhoods. Second, your area has a story unlike any other. It’s a fun place to get out and explore. All homes in these historic districts aren’t ancient; you can find some newer construction homes in these areas, which means that there’s truly something for everyone!
A dog-friendly neighborhood is a valuable neighborhood. People love places that they can take their dogs like dog parks. This especially holds true in the city where yard space is limited. Even better is a neighborhood where dogs can be seen in restaurants and coffee shops. If you can drive around the block and see people walking dogs everywhere, it’s a good bet that it’s dog-friendly! People love their pets and want them to be a part of the family, so they need to live in a place that allows them to do that.
All The Essentials
If your neighborhood is near all of the essential things that people need on a daily basis, your home’s value may increase. Places like grocery stores, pharmacies, shopping malls, hospitals, and safety support services all play a role in improving the value of homes in a neighborhood.
A Sense Of Community
If a neighborhood has community groups, a neighborhood watch, or other organizations that help to bring about a community feel, your home may be a bit more valuable than you think it is.
32 Abel Road, Rindge, NH 03461
For those who plan to list a house in the foreseeable future, it often is beneficial to track the real estate market. By doing so, a home seller can identify real estate market patterns and trends and quickly address any potential property selling hurdles.
Now, let's take a look at three tips to help you analyze housing market data so you can accelerate the property selling journey.
1. Review the Prices of Recently Sold Houses in Your Area
Check out the prices of recently sold houses in your city or town. That way, you can find out whether sellers are accepting offers to purchase at or above their initial home asking prices.
Furthermore, it may be a good idea to see how your house ranks against recently sold residences. With this housing market data in hand, you may be better equipped than ever before to establish a competitive initial asking price for your home.
2. Determine How Quickly Houses Are Selling
As a home seller, you should find out whether you're preparing to enter a buyer's or seller's market. If you look at how quickly houses are selling in your city or town, you can distinguish a buyer's market from a seller's one.
In a buyer's market, you will find many sellers and few buyers. Conversely, in a seller's market, there is an abundance of buyers and few sellers.
The differences between a buyer's and seller's market are significant. If you understand whether you're getting ready to sell your home in a housing market that favors buyers or sellers, you can determine how to price your residence so it will generate plenty of interest from buyers. And as a result, you may be able to streamline the home selling journey.
3. Assess the Prices of Homes That Are Similar to Your Own
Your home may be one of many available to property buyers. Thus, you should review the prices of houses in your city or town that are similar to your own. This housing market data will help you narrow the price range for your residence.
Also, you may want to review rival home sellers' property listings and see how these sellers promote their residences to prospective buyers. Because if you can find ways to differentiate your home listing from competitors', you could boost the likelihood of a successful house selling experience.
As you prepare to add your house to the real estate market, you may want to hire a real estate agent as well. A real estate agent will offer recommendations so you can enhance your residence both inside and out and help you establish a competitive initial home asking price. Plus, a real estate agent will help you review an offer to purchase your home and determine the best course of action.
Take the guesswork out of selling your house – use the aforementioned tips, and you can monitor the real estate market and use housing sector data to simplify the property selling journey.