Real Estate

How do you increase the value of your property?

The market dictates the price of the homes in an area. So depending upon what is happening in your neighborhood is going to have a large effect on what is happening to the price of your property.
Certain things such as unemployment values, crime and the general condition of your neighbors properties have a large effect on your value. Let’s face it, most people don’t want to live next to the eye sore of the neighborhood or an abandon building. In addition, the proximity to certain things like oil wells (in Oklahoma) can have an effect on the type of loan available to a new buyer.
While you have little to no control over certain factors, you can maintain your property, make some updates and help to stabilize your neighborhood.
Maintaining your property by painting, pruning bushes, trimming trees, repairing broken windows, replacing damaged roofs, etc before more serious issues can cause the property to deteriorate can occur are the best way to maintain value.
In addition, making updates to the property to improve and update the property will add value. Often kitchens and bathroom remodels add value to a property. Just make sure you get a quality updates and don’t over improve for the neighborhood.
If you live in a high-crime area, an organized community watch program not only will lower the crime rate but can enhance property values, too. It also helps to live in an area where other homeowners are upgrading their homes, which can help pull up your property value, too.
If you have questions about real estate and real estate values, please feel free to call me at 405-213-2992 or visit my website http://www.sandiwalker.net.

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