4 Surprising Things That Could Increase Your Home's Value

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4 Surprising Things That Could Increase Your Home’s Value

There are obvious things that increase your home’s value, some that are within your control (curb appeal), and some that aren’t (quiet neighborhood). To increase your home’s value you’d want to have more than one appealing attribute. So, before you prepare your home for a sale, take a look at these surprising attributes, that have increased the value of other homes in America.

#1 A Blue Bathroom Or Kitchen

Painting your home is an easy and cost-effective way to add value. Just make sure that you select the right colors. Based on recent research, walls that are painted cool neutral colors like blue are more likely to appeal to buyers. According to a 2017 study by Zillow, homes with blue bathrooms sell for an average of $5,500 more than expected. Houses that had blue kitchens sold for $1,809 more compared to similar homes that had a white kitchen.

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#2 How Close You Are To A Supermarket

While living close to a strip mall or warehouse may not be the best attribute to increase property prices. Something that is is being close to an upmarket supermarket like Trader Joe’s. According to a study conducted by Zillow your home will appreciate 40% faster if you’re in close proximity to a Trader Joe’s or Whole Foods.

#3 Chic Farmhouse Aesthetic

Joanna Gaines has popularized the urban farmhouse aesthetic. And it shows. Properties with this particular aesthetic have become appealing to buyers. A Zillow analysis revealed that in 2016 properties with a sale description that included keywords like “farmhouse sink” or “barn door” sold quicker. According to the analysis a home with a “barn door” sold 57 days quicker and at 13.4% higher than similar homes. Whereas farmhouse sink sold for 8% higher. If there’s ever been a reason to watch Fixer Upper, it’s certainly to find inspiration for what’ll sell quicker in today’s market.

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#4 The Home’s Proximity To Starbucks

If you live within a quarter of a mile from Starbucks your home is likely to be worth more than you think it is. A study released by Zillow in 2015 found that homes that were within a quarter of a mile from the Seattle-based coffeehouse increased by 96 percent from 1997 to 2014. This number is well above the average of 65 percent of all U.S. homes.

Whether you are in the process of buying a new home or updating your existing home, think about the above factors as they may play a role in the value of your home.

 

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