7 Surprising Features That Boost Your Home Value

BOOST YOUR HOME VALUE

Emmet Pierce 10/9/2019
https://www.msn.com/en-us/money/realestate/7-surprising-features-that-boost-your-home-value/ss-BBVj84C#image=2

1. A nearby Starbucks
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You can’t control when a new Starbucks coffee shop will open within your ZIP code. But each time one does, it stands to boost your home value, according to a 2018 study from Harvard Business School.

The addition of one Starbucks in a neighborhood within a given year is associated with a 0.5% increase in neighborhood home prices, researchers found.

Home values increase by the same percentage each time a new Starbucks opens, researchers found. So, if you owned a home worth $300,000 and two Starbucks opened nearby, your home value should increase by 1%, or $3,000.

2. A black front door

Painting your front door a shade of black can boost your home’s sale price by $6,271, on average, according to a 2018 analysis by real estate website Zillow.

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No other combination of color and surface boosted sale prices by anywhere near as much as shades of black on a front door. The second-most impactful combination — light taupe and similar shades of paint in living rooms — boosted sale prices by an average of $2,793, according to the analysis.

3. Your neighbor’s lawn

Sometimes it’s not enough to take care of your own property. A poorly maintained lawn next door or across the street from your home can make your property less desirable. This is especially bad news if your home is for sale.

If you have a neighbor whose lawn is a mess, offer to mow the neighbor’s lawn!

Read the full article at – https://www.msn.com/en-us/money/realestate/7-surprising-features-that-boost-your-home-value/ss-BBVj84C#image=3

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About the Author

Blake King
Having lived in Red Deer my entire life and having experience in many avenues of real estate I offer enormous value to my clients.