Tag: homebuyer

Why Actual “Property” Doesn’t Do Much for Property Value (Believe It or Not)

Don’t get me wrong, though: that beachfront real estate you have over in the Florida Keys can rake in a ton of money. However, it’s not just the structure that brings in the moolah for home sellers; it’s the land itself. Here’s why:

Why Your Real Estate Can Actually Increase Your Property Value All By Itself

Talk about going against the grain here…. It’s actually possible for the value of your real estate to go up if Iggy Azalea mansion property valueyou raze your property down! Only in certain conditions, though. This is where “location, location, location” really does ring true for your zero-down home from H.O.P.E. to Own, because the one aspect of real estate and property values that’ll always appreciate is this: your land. The actual dirt houses and buildings sit on.

Why is that? Why does the land appreciate? Think about it. Land is limited. It’s not like a builder can construct land. Builders construct new homes. New stores. New buildings. New barber shops. New malls. New subdivisions. Nobody builds land. Because the demand for land constantly increases due to growing populations, but the actual supply of it never increases, you can only expect the price of the land to go up.

This is where it’s crucial to see that property value isn’t necessarily determined by the actual building — but the land underneath it.

Granted: property built on land can increase the value of the real estate, for sure — but only to a certain extent. Given the fact that renovations would have to be made along with improvements, updates and upgrades  to keep up with real estate industry trends, over time it’s actually possible that the building sitting on the land can actually decrease property value even though the land itself continues to gain some.

Hence Why You Should Pay Close Attention to Your Parcels

Where real estate is located matters. Remember that. When you’ve considered location — access to multiple amenities, environment, proximity to schools, that sort of thing — then, only then, can you look at the property value as something to be built with drywall.

Why the Cul-de-Sac House Can Make for Impressive Property Values

Allow me to elaborate a bit more on how property value’s influenced by location: it’s not just the availability of land that makes sense when it comes to property value. It’s what builders and developers actually do with that land that can influence property value. Location’s a big deal, as we’ve already stipulated, and when considering cul-de-sacs, you have a goldmine, after all —

But Why? Why Are Cul-de-Sacs So Awesome?property value cul-de-sac

Social, cultural and demographic factors play a role when it comes to property value for obvious reasons. Safety, privacy, community: Cul-de-sacs provide just that. Families look for that. Since the demand for that cul-de-sac is so high, property value — and therefore price — can go up. Families will pay top dollar for that cul-de-sac house for obvious reasons, not limited to typical real estate going more on the upscale and high profile.

That’s not to say you should try and pitch for more and more cul-de-sac houses, though. Saturation won’t get you anywhere. The cul-de-sac house is hard to come by in a neighborhood. For every 20 homes, you might get one cul-de-sac house. However, if you’re a home renter, and you come across a particular piece of cul-de-sac real estate that’s rent-to-own, you’ve got an opportunity in your hands to build your credit and maintain some great value, you’re golden. No doubt about that.

It’s All About Strategy

Perhaps you’re newlyweds looking for the right home. A cul-de-sac is appealing. Or maybe you’re opting for safety and security over in Wyoming, Michigan — your service with law enforcement, neighborhood stability and watches will be top notch in a cul-de-sac home. You can’t beat that sort of community feel.

Be prepared, though, for some high demand and competition. As a seller or investor, though, you can relish in this outcome: lots and lots of ROI!

Beyond Curb Appeal: What Really Determines Your Property Value

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 property value beanstalkwe’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.