7 Surprising Factors That Affect Your Home’s Value

7 Surprising Factors That Affect Your Home’s Value

Most homeowners look for better profits while selling their homes. The housing prices are determined based on several factors, like real estate market condition, location and condition of your property. But here are some weird and surprising factors that can also affect your home’s value.

1. Your House Number

Even if you think numerology is a hoax, potential buyers might trust it. According to house numerology, each home is assigned a single-digit based on its address. Let’s say your home’s address is 2119 Main Street, Charleston. Add all the digits in your home’s address 2 + 1 + 1 + 9 = 13 = 1 + 3 = 4. According to numerology, your home’s number is 4, which is pretty good for the owner’s financial security.

Universally, the number 13 is considered unlucky. And if your house number is 13, pricing it lower than your neighbors can help you overcome this handicap.

2. Sketchy Neighbors

Whether you like it or not, the closer you live to your neighbors, the bigger the impact on your prices. For example, potential buyers stay away from condos where the neighbors are inconsiderate, noisy, or plain sketchy. Even if you reside in a single-family home, the neighborhood’s overall appearance has an impact on your property’s value. If your home is in a row of well-kept houses, you can expect it to fetch a higher price.

3. The Name Of Your Street

Yes, trust us, the actual name of your street has a positive or negative impact on the price of your home. According to real estate studies, the boulevard is the most expensive address suffix, and the street is the least costly.

4. Trees & Greenery

Usually, developers cut down trees and overhanging properties to give it a prim and neat look. However, having large mature trees enhance the value of your property. So, visiting your local nursery to purchase some potted plants and trees can improve your home’s value.

5. Trader Joe’s, Whole Foods, and Starbucks

If you have any of these near your property, typically within a mile, your property’s value goes up. Studies reveal that homes situated near a Trader’s Joe have increased in value by 40% since they were purchased.

6. Crown Moldings

Buyers love homes with crown moldings and high ceilings. While you cannot alter the height of your ceilings, adding crown moldings can help you increase your property’s value. Just make sure that you don’t paint the moldings in weird colors. Keep them neutral to attract maximum buyers.

7. A Death On The Property

In several states, homeowners should disclose whether there has been a murder, suicide, or natural death on the property to potential buyers. This can be a deal-breaker for some. Homes with shady histories like death due to drug overdose have difficulty finding buyers.

At Barrington Home Buyers, we buy houses in Charleston, SC, in any condition. As the leading cash home buyers in Charleston, SC, we purchase your home quickly – even if it has any weird fixtures. If you’re looking for a quick way to sell your house fast, reach out to our team and request a free cash offer to kick-start the home-selling process.

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