It’s an unfortunate thing when you realize how much outside forces affect the value of your home. Whenever you think of your home’s value, you think about the new paint job, how you added a new room, how you redid the kitchen. However, you do not necessarily think of the outside forces that you cannot control. Let’s take a look at some surprising things that affect the value of your home.
1. Going Green:
Going green is a great way to positively affect the value of your home. There are simple things you can do, like putting in environmentally-friendly light bulbs, to adding green fixtures that save water. The more your appliances can save on utility costs positively affects the value of your home. By saving money on monthly bills, you better believe that buyers are going to be interested in your home!
This is probably the most frustrating. If someone steals something from your home, not only have they taken a belonging from you, but this adds to the overall crime rate in your area. The theft in turn lowers the value of your home and adds to the crime rate in the city, making it a “less-desirable” place to live. Even though it’s not your fault, a theft in your home will negatively affect the value of your home and neighborhood.
We’re not saying that you have to plant rows and rows of beautiful flowers alongside your home. Even trimming your home’s hedges, mowing your lawn, and keeping your grass green will positively affect the value of your home. Landscaping is a great way to add curb appeal and value to your home. Even if your home is older than the surrounding homes, minor landscaping cosmetics will always boost the value of your home.
4. School Grades:
That’s right! Your child’s school grades can affect the value of your home. This may seem a little odd, but it makes sense. A hard-working student will add value to their school because of their high grades and test scores, which in turn adds value to the neighborhood and your home. So School-test scores directly correlate with the value of your home and neighborhood!
This may seem obvious to some, but a lot of people do not know that an earthquake or flood will affect the value of their home even if their home was not damaged during the act of nature. Whenever there is an earthquake or flood, it is documented by scientists. It is also documented by home insurance companies and the city. When a flood or earthquake happens in an area, not only does it affect the structure of the homes, but it is likely to happen again in that area. With that being said, your home’s value will decrease due to the amount of earthquakes or floods that happen in your area.
What to Take Away
So obviously there are some things that you can and cannot control that affect the value of your home. What you do about it is up to you. If you decide to move away from an area that is known for its earthquakes, floods, or crime, that is your choice to make. However, the best thing for you to do to affect the value of your home positively would be to make minor updates to it as you live there. Be sure to fix any problems or broken fixtures that may arise in your home. Do your best to make your home as beautiful as you can and tell your kids to keep up those grades!5 Surprising Things That Affect the Value of Your Home by HouseHunt