Hidden Features That Impact Your Home’s Value
Home’s Value
Homeowners often wonder what it is about their home that will impact its value.
The answer to this question is a combination of many different factors, both inside and outside the home.
Homebuyers use these factors to determine the value of a property.
So, here are some hidden features that may affect your home’s value.
Backyard Exposure to Neighbors
What might be the most important factor to homebuyers? If you guessed the backyard, then you are correct.
A common misconception is that a spacious backyard is all it takes to sell your home.
However, there are other factors that could determine how much interest your property will garner.
The number of homes behind your property may have an influence on potential buyers.
This feature has a positive impact if it offers lots of yard space for children to play or places for them to explore nature.
On the other hand, this feature can have a negative impact if it means neighbors are very close by.
Privacy Score
Your home’s privacy score is a factor in its value. This is often overlooked by homeowners who focus on the exterior of their property.
Backyard exposure is a part of the privacy score but so is how many neighbors you have, how far away the neighbors are, and how easily an intruder can access your home without being noticed.
Fortunately, a real estate agent can help you determine your privacy score and if necessary, how to improve it.
Professionals like BHHS Towne Realty are familiar with the local market and can easily help you assess your property’s privacy score.
Real estate agents are knowledgeable and understand exactly what kinds of property changes can help improve your home’s chances of being sold.
Backyard Slope
Backyard slope is another one of the hidden features that can impact your home’s value. If you have a shallow backyard slope, it may be more suitable for children or pets to play in.
A steep backyard slope can be dangerous for these groups and reduce the size of the yard.
Backyard slope, depending on the way it slopes, can also impact how and when your home floods.
Frontage Length
Frontage length refers to the number of feet that the front of your home is on a street. It’s not uncommon for people to be interested in frontage length when they are considering buying a new home.
This feature typically isn’t an issue, but sometimes it can cause problems if you want to add a driveway or parking space.
Analyzing your home’s features in the context of the greater real estate market can help you identify the hidden factors that affect your home’s value.
With this knowledge, you can better price your home for sale or determine how to best improve your home’s features to maximize its value.
Category: Housing
