To homebuyers, the neighborhood that a home is located in is just as important as the home itself. There are certain neighborhood characteristics that are seen as far more desirable than others. In fact, some neighborhood features are so desirable that they can actually increase the value of homes in that area. Here’s a look at some of the neighborhood features that could affect the value of a home on the University Hills Real Estate market:
Many people enjoy hiking, walking, running, or riding bikes, which is what makes nature trails so appealing to today’s buyers. Having nature trails in the neighborhood not only makes it easier for people to exercise, but it also gives parents a way to entertain their kids. As a result, homes that are in neighborhoods with nature trails may be priced higher than similar homes outside of the neighborhood.
What is within walking distance from the neighborhood? Many buyers enjoy being able to walk to popular destinations so they don’t have to worry about finding a parking spot. If residents can easily walk to local restaurants, shops, movie theaters, and other popular spots, this could increase the value of nearby homes.
However, if the neighborhood is within walking distance of places such as strip clubs, cemeteries, or shooting ranges, this could lower the value of the homes located nearby. See the neighborhood features that drag down your home value—ranked.
Neighborhoods that have designated dog parks are highly sought after by buyers with furry, four-legged friends. Being close to a dog park is not only convenient, but it also gives dogs and their owners an opportunity to mix and mingle with other people and pups from the neighborhood.
Buyers that don’t have a dog should still look for a neighborhood with a dog park. Why? Owners will take their dogs to the park instead of walking them around the neighborhood, which means anyone who doesn’t love dogs doesn’t have to worry about running into one. A dog park could keep the rest of the neighborhood cleaner, too, since many people forget to pick up their dog’s waste.
Maintaining a pool takes a lot of time, effort, and money, which is why some buyers are hesitant to purchase a home with this feature. But, a neighborhood with a community pool gives residents the best of both worlds. Residents who live in a neighborhood with a community pool can experience all of the benefits of having a pool without having to deal with the hassle of maintaining it. Living in a neighborhood with a community pool can also make it less challenging to meet other people in the area, since everyone tends to gather around the pool on hot weekends in the summer.
Now that you know which neighborhood features to look for when choosing a home, it’s time to get in touch with the professionals. Contact Elevation Realty
to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey.