Got Real Estate Questions? Ask Away!

Got Real Estate Questions? Ask Away!

Hi there! 👋 I’m Lorelei, your local real estate agent, and I’m here to help with any real estate questions you might have.

Here’s a question I got recently:

“What are the main things that can affect how much my home is worth?

Answer:

The short answer… Recent upgrades and good maintenance can boost a home’s value as buyers prefer move-in-ready properties and are willing to pay more for them. Homes with desirable features, such as water views or a custom patio, often command higher prices.

The Long Answer:

1. Recent Upgrades and Renovations

Consider two homes on our street—one has recently undergone a full kitchen renovation with modern appliances and stylish finishes, while the other still features its original kitchen. Buyers are often willing to pay a premium for homes with completed renovations because they prefer not to take on renovation projects themselves. A move-in-ready home with updated features will generally be valued higher than a similar home without the updates. In addition, buyers will be more attracted to the home with the updates, likely helping the home sell faster.

2. Condition and Maintenance

Let’s look at two homes in our neighborhood—one that has been meticulously maintained with a freshly manicured lawn, curated landscaping, and a clean, well-kept exterior, versus another that has sparse grass and overgrown landscaping beds and a bland front door. Homes that are well-maintained not only look more appealing but also give the impression to buyers that they are in good condition and require less immediate work. This attention to upkeep can significantly boost a home’s value because buyers are willing to pay more for a property that is move-in ready and doesn’t need extensive repairs or updates right away.

3. Local Market Conditions

Imagine living on a street where homes are selling quickly because of high demand, limited inventory, and desirable features like stunning water views, proximity to a golf course, or enhanced privacy. In contrast, another street in the same neighborhood may have slower sales due to fewer appealing attributes or less demand. Even within the same area, homes with these sought-after features often command higher prices because buyers place a premium on properties that offer exceptional views or privacy and are located in high-demand areas.

4. Unique Features

Picture two similar homes, but one has a large, beautifully landscaped backyard with a custom-built patio and outdoor kitchen, while the other has a smaller, more basic yard. The home with unique outdoor features will generally have a higher value because these additions enhance the living experience and attract buyers looking for enjoyable outdoor spaces. Outdoor living is a huge feature in today’s market.

5. Comparative Market Analysis (CMA)

A Comparative Market Analysis (CMA) is a report that helps figure out what your home might be worth by looking at similar properties in your area. It involves finding recently sold homes that are similar to yours in size, location, and features, and comparing their sale prices to yours. The report adjusts for any differences, like if your home has a finished basement while the comps do not. It also takes into account current market trends and how quickly homes are selling. This gives you a good idea of a fair price to list your home. I am happy to meet with you and prepare a CMA for you.

Do you have any questions about your home’s value, the buying or selling process, or anything else real estate-related?

Feel free to drop your questions in the comments or send me a message directly. I’m here to help you navigate the real estate world with ease!

Looking for More Help?

At Better Homes and Gardens Real Estate Paracle, we’re here to guide you through every step of the home buying journey.

Contact ME today and let’s find your dream home together!

Thinking of buying or selling a home in the Charlotte area? 

Contact Lorelei, your trusted real estate expert with Better Homes and Gardens Real Estate Paracle, to help you navigate the market and achieve your property goals.

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𝑬𝒙𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝑪𝒐𝒏𝒔𝒖𝒍𝒕: Let’s have a FREE Consultation to dive into your moving goals and carve out a personalized plan for your journey to the Carolinas! This helps us determine what next steps & locations will look like for YOU.

Many families have found this invaluable for their buying and selling journey, Hence – 𝑰’𝒎 𝒆𝒙𝒕𝒆𝒏𝒅𝒊𝒏𝒈 𝒕𝒉𝒆 𝒔𝒂𝒎𝒆 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒚 𝒕𝒐 𝒚𝒐𝒖!

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