6 Lesser-Known Factors that Affect Home Values

If you’re getting ready to sell your house in Garland, TX, you need to be aware of everything that affects a property’s value. Many homeowners focus on the obvious factors, like location, square footage, and the number of bedrooms and bathrooms.

But many lesser-known factors also have a part in determining a home’s value, and you should know what these are before you put your home on the market.

School District

It’s no secret that location is a major factor in determining a home’s value in Garland, TX. But one location aspect that many homeowners overlook is the quality of nearby schools. Statistics from the National Association of Realtors show that 26% of homebuyers consider local school systems when viewing properties.

Being in a first-rate school district can significantly boost the value of your home, even if the property isn’t all that impressive.

Street Name

Could the name of your street really affect your property’s value in Garland, TX? Believe it or not, it can. Recent research found that homes on streets with names that include words like “boulevard”, “avenue”, and “street” sold for more than those on streets with more generic names.

And it’s not just names—the house number can also play a part in determining your home’s value. For example, houses with the number 13 are considered bad luck and usually go for less than neighboring houses 12 and 14.

Trees & Landscaping

Everybody knows that curb appeal is important when selling a Garland home, but did you know that trees and landscaping can influence your home’s value? Mature trees can add thousands of dollars to your property’s value, while poorly maintained landscaping can have the opposite effect. In fact, a study by Virginia Tech found that an attractive, well-maintained landscape can boost a home’s value by close to 12%.

Your Home’s Proximity To A Starbucks

For coffee lovers, living near a Starbucks can be a major selling point. Recent research by Zillow found that homes located within a quarter-mile of a Starbucks coffee shop increased in value by 96% between 1997 and 2013, while the average price increase for all U.S. homes was 65% over the same period.

Coffee may not be all that important to you, but it’s worth considering when you’re determining your asking price.

Home Automation

Smart home technology is becoming very popular, and to no surprise it’s beginning to influence your Garland’s home values. Research by Coldwell Banker found that homes with smart home technology sell faster and for more money than those without it.

Features such as a smart thermostat, security system, and automated lighting can make your home more desirable to buyers.

Paint Colors

Paint colors may seem like a personal preference, but statistics show that homes with blue bathrooms sell for $5,400 more (on average) than those with white bathrooms. Similarly, homes with front doors painted in shades of black or charcoal sell for $6,271 more than those with white doors.

While it’s not necessary to repaint your entire home before selling, adding a fresh coat of paint to your front door or bathroom could be a worthwhile investment.

Selling Your Home & Moving Soon?

Ready to move out? Want to sell your home quickly and for fair cash? Get in touch with us! We are reputed cash home buyers in Garland, and we buy houses in Garland, TX and nearby areas as is. Connect with us to get a fair offer within 24 hours.