26
Nov
By Adrian Willanger
Home Values, ,

Top 6 Factors Every Buyer and Seller Should Know That Determine Your Home’s Value

As a homeowner or potential buyer, understanding what truly influences a property's value can help you make informed decisions. Whether you’re selling your home or planning to purchase, knowing the factors that impact property value can put you in a stronger negotiating position and help you maximize your investment. Here are the top six factors that play a key role in determining a home's value: 1. Location, Location, Location The adage still holds true—location is king. The desirability and convenience of your home's surroundings significantly affect its value. Proximity to good schools, shopping centers, parks, public transportation, and low-crime areas…
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08
Nov
By Adrian Willanger
Home Values, ,

The Impact of Nearby Developments on Property Value

When buying a home, it's easy to focus solely on the property itself—square footage, curb appeal, layout, and finishes all tend to grab our attention. But what happens outside the property can be just as impactful, especially when new developments are underway nearby. Whether it's the construction of a new shopping center, school, or transit line, nearby developments can significantly influence property values, sometimes raising them and, in certain situations, leading to complexities. Here’s how developments around your property might shape its value and tips on researching these projects before making a decision. How Nearby Developments Can Boost Property Values…
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04
Sep
By Adrian Willanger
Home Building Tips, ,

The Top 5 Upgrades to Invest In to Maximize Your Home’s Value

Home upgrades not only enhance your living experience but can also significantly boost your property’s value. Whether you’re looking to enjoy your home for years to come or planning to put it on the market, certain improvements can offer substantial returns on investment. Here are the top five home upgrades that are proven to increase your home’s value and appeal. 1. Add an Accessory Dwelling Unit (ADU) What It Is: An accessory dwelling unit (ADU) is a self-contained living space on your property. Commonly referred to as a granny flat, in-law suite, or guest house, an ADU includes its own…
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12
Nov
By Jim Hasek
Mortgage, ,

What To Know About Property Values and Refinancing

There are many people who are thinking about refinancing their homes. For example, some people may be interested in reducing their monthly payments, while other people may be interested in tapping into the value of the home to fund a home improvement project. What is the relationship between property values and refinancing? There are several important points to keep in mind.  Property Values Tend To Rise First, it is important for homeowners to understand that property values tend to rise during the life of a mortgage. For example, someone may purchase a home valued at $250,000. Then, fifteen years later,…
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27
Aug
By Jim Hasek
Mortgage, ,

The Process Of Estimating Property Values

Property values are a moving target. They are important to buyers and sellers because everyone wants to get the best deal possible. Sellers want to get as much money for their investment while buyers do not want to overpay for a home. There are a lot of factors that play a role in property values including the economy, the number of people looking for homes, new home construction, schools, the job market, and more. How do real estate agents estimate the value of a home? How Much Will Someone Pay For A Home? The market value of a home is…
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27
Aug
By Jim Hasek
Real Estate, ,

Should You Relocate A House To Improve Its Value?

What can be done with a house that is just perfect but it is in a bad neighborhood or a dangerous spot? Think about homes that are in decent condition; yet, too close to the water. America is experiencing flooding now that is not supposed to happen in 500 years. That cute little beach bungalow could easily get wiped out in the next hurricane. It might be time to think about moving those homes to a safer area or higher ground. The International Association of Structural Movers says that around 8,000 homes are moved each year in America. Relocation may…
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