Does your home offer any of the perks some buyers will pay more for?

This is a great article from https://www.zillow.com/ by Whitney Ricketts that has some really great info. The article may surprise you and the reasons why buyers do pay more.  Before we get into the meat or tofu of this article think about areas that you like and if they line up with this article. 

To understand how much your home is worth, it’s important to understand the variety of factors that go into assessing the value, both existing (assessed and appraised) value, as well as potential real value on the market. The Zestimate is Zillow’s tool for extrapolating real market value of your home based on existing home-related data and actual sales prices in your are

The Zestimate tool is one of the worst ways to find value. The information is not audited and they throw every home in the mix of values. Foreclosed, Remodeled, doesn't matter they are all thrown into the value tool on Zillow. For example if you are looking at homes in a Golf Course subdivision, there is a big difference if a home is on the links than one that is not. Zillow does not see it that way and mixes homes on and off the golf course to get their home values. Home on the links can be worth way more than ones that are not........

How close you are to a Starbucks
How far do you have to drive to get a Frappuccino? If the answer is “not that far,” you’re in luck.

 A 2015 Zillow report found that, between 1997 and 2014, homes within a quarter-mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes, based on a comparison of Zillow Home Value Index data with a database of Starbucks locations

Yes you home could be worth more if you are close to a Starbucks. Let's face it everyone likes coffee and even if they don't Starbucks usually has a drink they like. People want places like Starbucks around them to meet their neighbors or just enjoy the drinks.

Trendy features
Joanna Gaines’ aesthetic is permeating more than just your YouTube search history. Zillow listings mentioning some of the shiplap queen’s favorite features — keywords like “barn door” and “farmhouse sink” — sell faster and for a premium, according to a 2016 Zillow analysis of descriptions of more than 2 million homes sold nationwide.

Updated homes done correctly will also get you the best bang for the sell of your property. I just found a home for a buyer that wanted a fixer upper. The home had a lot of work that had been done, but the updates where less than stellar. Via we got a very good price on this home is a highly desirable area.

 How close you are to a city

If you own a home in a major metropolitan area in America, you’re most likely sitting on a significant (and rapidly appreciating) financial asset. Case in point: Home values in the New York, NY metro area are worth $2.6 trillion, per a recent Zillow analysis — which is more than the value of the entire French economy

Cleveland is a vast expanding city that has attracted billions of dollars in updating the downtown. There are Starbucks and many other coffee houses that line the streets. The rents and home values are going up because of it. Lake Erie and shopping are plentiful.

There is some reasons why buyers pay more for homes in some areas. Need a Realtor that knows and understands those areas? I'm Brett please call me for a FREE consultation on your real estate needs. 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona 

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