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. … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
