When it comes to selling a home, there's a lot that goes into the value of a property, including amenities.
It's a good bet that certain home upgrades, including custom kitchen cabinets, can significantly increase the value of your home. However, some neighborhood features also increase the property's value.
If you're considering selling your home any time soon, here are five home and neighborhood amenities you shouldn't overlook.
Inside the House
Upgraded Kitchens
Many homes are built with simple, bare-bones kitchen layouts. Upgrading your kitchen to improve utilization and aesthetics is a good investment to make if you want to increase your home's value.
One of the best upgrades to have in kitchens is customized cabinets that allow for better use of space and easier access to small appliances. Other great kitchen updates include stainless steel appliances, a farmhouse sink, industrial lighting, a sliding barn door, a range hood, and a full-height backsplash.
Smart Home Technology
Over the past years, smart home technology has seen a rise in popularity. Smart home technology allows homeowners to turn off lights and adjust the thermostat with the touch of a button. Some smart home systems also allow homeowners to open or close the garage door using their phones.
Exterior Deck
After the COVID-19 pandemic forced many to lockdown inside their homes, having a safe, outdoor space to escape from the home's four walls has become even more important. More than ever, decks and patios are being transformed into extensions of the house's living areas. Some elevate the space by adding seating and lighting. Others turn decks into functional areas for cooking or grilling.
In the Neighborhood
Recreational Open Spaces
Having a desirable park, hiking trail, golf courses, and natural areas near your home can boost the property value by 8% to 20%. Of all recreational open spaces, natural areas add the most to home values, boosting the property's price by about $10,000.
Having said that, it is important to note that being located near parks that are not well-maintained or overcrowded can bring down your home's value.
Community Gardens
If your home is located near a community garden, your home's value will rise by 9.4% within five years. Its impact on your home's value will increase significantly depending on the quality of the community gardens.
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