4 Things that Affect the Value of your Home
Being a homeowner is sure to help you feel proud and allow you to have a place to live. It’s usually important for most people to have the highest possible value on the home. Of course, there are numerous things that will impact what your property is worth, and being aware of what these are could be helpful to you. Regardless if you’re going to sell your home or simply want to know how to increase the value of it, you should be aware of what makes it more valuable.
Size and Scenery
One of the things that will usually dictate the amount of money you can get for your home if you need to put it on the market is size. The more square footage your home has, the more it will usually be worth.
Of course, the location of your home is sure to play a significant role in the amount of money that it’s worth regardless of the size. If you live in Southern California, for example, a good santa barbara realtor can help you set a price for your home because they specialize in this area.
As they say, “Location, location, location!”
Do you have a kitchen that looks like a brand new one or one that could use a great deal of work? The condition your kitchen is in will play a significant role in how much you will be able to get for your home.
For instance, if you have appliances that are brand new versus older models that have been sitting around for 20 years or longer, you will have a higher value on your home. This is one thing that buyers will take a close look at when or if you need to put your house on the market.
Additionally, being able to rely on some of the more modern appliances can allow you to even reduce your energy costs. These days most of these are geared to help you lower your energy costs and can be an ideal way to invest your money for greater savings down the road.
Is your lawn well-manicured and looks as attractive as possible? This will play a significant role not only how good your home looks, but the value of it as well. You’ll want to be sure to do all you can to make the exterior of your property look good in order to have it be as valued as much as possible. Some of the things you should consider doing are adding blooming flowers to your lawn or greenery to give it a boost of color and allow it to look fantastic.
The size of your yard may play a significant role in the value of it, and if you have a large front and backyard, this may be the key to increasing the price when selling it.
Number of bedrooms and baths
One of the things that will impact the value of your home is sure to be the number of bedrooms and baths that it has. These are critical for any homeowner to enjoy and are sure to be the key to allowing you to have a home that is more valuable.
It’s necessary for larger families to enjoy the right number of bedrooms and having extra bathrooms is sure to be a nice bonus. Getting the whole family out and ready to face the day can be a challenge at times and the more help, the better in the majority of cases.
Additionally, the size of these rooms may have an impact on increasing the value of your home. Studies do show that the master bedroom typically makes up 12% of the home.
Working to do all you can to have a property that is valuable and one that you’re proud to live in will take the right amount of knowledge and effort. There are some things you can do that may allow you to increase the home’s value with ease. Be sure to work to make your home as enjoyable and valuable as possible today.