Be prepared to have the proverbial rug pulled from under you. We’re shaking things up with standard stigma and paradigm, changing things up on a dime and proving that trends are something more than colorful kitchens and outdoor living spaces. So here’s the deal:
Property value is done wrong. All wrong. There. I said it. You can take that to the bank when successfully selling your home via social media.
What Really Matters When It Comes to Property Value
A lot of what we know (or think we know) regarding property value may be true to some extent, but believe me when I say that there’s so much more than just the numbers, comparables, and assessments we’re so used to seeing. Sure, they have their place — but if you really want the most accurate figures for your home, you need to pay attention to the actual “land,” the real estate, versus the structures themselves. That’s such a big misconception. Your property isn’t a building. It’s the land the building sits on.
Furthermore, would you be shocked if you found out that a “less attractive” home might actually bring in more in terms of investment? Such an “ugly duckling” would — and for good reason — due to real estate appreciation. The more money poured into a home, the less profit from appreciation on the real estate.
It’s a good point to find the cul-de-sacs in a neighborhood, too, because those properties will excel in value. Why? Think of safety, privacy — culture, quality, and peace of mind, tucked away in a corner. It makes sense that property value increases when owners don’t hear planes, trains and automobiles all over the place.
Here’s a big secret right here: the age of the neighbors. Seriously! Find out how old they are, and you have a factor often untouched by many gurus in determining your ultimate property value for your rent-to-own real estate. Additionally, and this is a make-or-break factor: future property developments. Will they benefit your property value or not? It’s an important question to ask, because it can go either way.
Take Notes and Make the Grade
This is important stuff. Focusing on home improvements will certainly pull you in the right direction, but don’t forget this one important fact: this is the real estate industry. It’s a fickle giant in a fairy tale world — and all it takes is one wrong move, and Jack on the beanstalk will knock him down good.