Some homeowners believe that the value of their home will automatically increase if they have a unique feature. They assume that they can ask for more money for their home than other homes in the area just because they have some of these features. However, a Waltham Real Estate Agent is here to tell you that’s not always the case. While yes, sometimes these features can increase the value of your home but sometimes they might decrease the value of your home. Here’s some insight on what kind of features we’re referring to.
For beautiful luxury homes that have a big backyard, swimming pools can add value. If your pool includes extras like a hot tub, waterfall, is a unique shape, and maybe even features a slide or diving board it can definitely be valuable and allow you to increase your asking price. Waltham Realtors say that in order for a pool to add value to your home, it must be in great condition.
Swimming pools can also decrease the value of your home and here’s why. Swimming pools can take up a lot of backyard space and are often expensive and time-consuming to maintain. If your pool needs a lot of repairs and fixing, your home's value can be negatively affected. Unless the buyer is willing to put in all the work, they are likely not going to want to deal with the maintenance and cost that having a pool would come with.
An in-law apartment that is updated and well maintained can be very attractive to buyers who are looking for just that. Waltham Realtors say that if you have a beautiful and cohesive in-law apartment you can certainly raise your asking price for people who find that a must-have home feature.
Waltham Real Estate Agents also mention that in-law apartments aren’t always the most popular. Therefore, some people aren’t willing to pay more for a home when that feature is not something they need.
Garages and sheds that are in good condition can usually add value to a home, especially if they are attached to the house. A lot of people find value in garages and sheds because they add extra storage space to a home while also protecting cars from harsh weather conditions.
However, Waltham Realtors mention that functionality and condition are two big factors when it comes to determining whether the garage or shed could take away value from the home. If it is too big for the yard, looks out of place, or is in need of great repair, buyers might be turned off and not want to deal with them.
Contact A Waltham Realtor
If you’re looking to sell your home in Waltham, MA, and think that you have some features that could add value to your home, consult with a Waltham Real Estate Agent! We will help you determine the perfect asking price for your home based on the features your home offers. Give Waltham Realtor, Hans Brings, a call today at 617-968-0022 or fill out a contact form!