Four Ways Location Impacts Your Home’s Value

Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Value Report If you’re thinking about buying or selling in Northern Texas, you might be surprised to know how big of a role location plays in determining a home’s value. Here are four ways that having a good location can boost a home’s value: 1. Schools. Families seek out neighborhoods close to schools for obvious reasons. Living near elementary schools is especially ideal to parents who want to walk their children to school. From a value standpoint, a location close to a well-performing school is a good decision for a buyer. Living near these schools can increase a home’s value more than $200,000, according to CNN Money. 2. Being close to areas of convenience. This is also known as the “Starbucks Effect,” based on a study that showed living near a Starbucks between 1997 and 2013 saw homes appreciate by 95% vs. 65% for the rest of the country. Living next to grocery stores like Whole Foods and Trader Joe’s increases a home’s value as well. " Buyers are attracted to homes in a quiet location. " 3. Being close to freeways. Having a location close to a major freeway can be a huge value to home buyers who want to cut down on their commute. If the home is closer to a freeway, that equals a shorter commute. 4. A quiet location. Houses that back up to things like nature preserves, hiking trails, or a creek offer a serene setting. Many buyers are attracted to these homes. Houses on golf courses have the same effect. We hope this information has been both beneficial and educational for you . If you have any questions for us or suggestions for future video topics you’d like to learn about, we would love to hear from you!

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Four Ways Location Impacts Your Home’s Value is an episode from Dallas Real Estate Podcast with Jerry Conklin by Jerry Conklin.

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This episode was published on May 18, 2016.

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