We all know what sort of things can contribute to the value of your home. You know, updated kitchens and bathrooms, hardwood flooring, vaulted ceilings and the like. But these aren’t the things that you need to think about when you’re trying to figure out the value of your home. Keep reading to find out the less obvious factors that will affect your property’s value, either positively or negatively.
1. The name of your street
Oh yes, the name of the street you live on could impact the value of your home. Though it may be true that there is no difference nationwide, places like New York City or Atlanta, people prefer names and places like Denver, they prefer numbered streets. Another interesting statistic, houses on a “street” are cheaper than homes that are on a “boulevard,” which is the most expensive street suffix.
2. Your house number
There’s such a thing as house numerology. It’s when you give your home a single digit number based on the address. Let’s say your house number is 5467. 5 + 4 + 6 + 7 = 22. 2 + 2 = 4. In numerology, 4 is great for investments and security, but it isn’t so great for adventure and excitement. So if you have a superstitious buyer, they might be evaluating your house number and basing their buying decision on that.
3. Creepy neighbors
It’s going to be important that you vibe with your neighbors if you want to stay on each other’s good side. If you’re trying to sell a condo, you don’t want to piss off your neighbors who could ruin any showings by being extra noisy or disruptive. If you live in a single-family home, you’re going to want to thank neighbors for having a well-kept yard and home, as it also increases the value of your home. How? Potential home buyers will be drawn to a neighborhood that is neat, inviting, and peaceful. Your neighbors can play a role in that. On the flip side, if you have rotten neighbors, they could decrease the value of your home—almost to the point where no one will want to buy it.
4. Mature or overgrown trees
If you want to appeal to environmentalists, you’ll want to refrain from tearing down all the trees on your property. Mature trees can actually increase the value of your home. With that said, you will want to trim any overgrown shrubbery or limbs. A mature tree doesn’t mean it has to be unkempt and an eyesore.
5. Crown moldings
If you had a hard time trying to figure out the perfect neutral shade to paint your home, you’re in for a big pay off—if you don’t overlook one crucial element. Home buyers love crown moldings. It adds sophistication and value to your home. It makes your room look finished, but it can also make your lower ceilings look a little bit taller. You’ll want to make sure that you work with the scale of the room and not go too big—or small.