Increase The Chance Of Maintaining The Value Of Your Broomfield Homes For Sale
- Author Laura Simmons
- Published June 3, 2011
- Word count 542
If you are worried that you might not increase the value of your Broomfield homes for sale, there's no need to worry. Broomfield homes for sale are generally doing pretty well in the housing market. A typical Broomfield real estate purchased in 1998 can go as high as roughly $40K after 6 1/2 years. However, if you still wish to increase the value of your Broomfield home further, you may want to consider the following factors:
Newer Areas With Real Covenants. Modern American courts have recognized that real covenants can be used to enhance the land. A real covenant is a term used in real property law to describe a promise concerning the use of land. Restrictions imposed by the covenant may enhance productive use of subject land, making it one of the best ways to protect your value in any neighborhood. While it doesn't prevent foreclosures and the like by any means, it certainly increases your chances of maintaining the home's value. Several Broomfield real estate properties have no HOA but there are real covenants.
Updated Kitchens And Baths. If one of your main goals is to resale, look for homes with updated kitchens and baths. A bathroom remodel is a solid investment, according to Remodeling Magazine’s annual Cost vs. Value Report. A $16,600 bath remodel will recoup about 64% of those costs when it’s time to sell your home, and a more extensive $53,800 job returns about 57%. In addition, you can maximize the value of your investment by using these smart strategies, which will create a stylish yet budget-friendly bathroom.
Avoid Unique and Very Big Homes. Don't go for homes that are overly "unique." Having a unique home only reflects the personality of a certain individual and may not be applicable to another individual. Also, avoid getting the biggest, nicest house in the neighborhood if you're particularly focused on resale. Get one that's a little smaller than the rest so the bigger houses will help keep it's value up. You might want something that will appeal and stay affordable to as wide an audience of buyers as possible.
Walkability. Your property value will be higher if you live in a community where you can quickly and comfortably walk from your home to schools, parks, and stores, according to one study. If you’re able to walk instead of drive to the store for a gallon of milk, your home as well as your neighborhood's home value may benefit from the exercise. A 2009 study sponsored by 'CEOs for Cities', a national consortium of civic and business leaders, found that homes in neighborhoods with good walkability are more valuable than similar homes in neighborhoods where residents have to drive to get to amenities.
Bear in mind that increasing your Broomfield real estate property's value is subject to the local property market. There's a ceiling to how much you will make depending on your location and neighbourhood demographic. For more information, contact your local realtor. They can pull the data in a particular community for you to let you know how many foreclosures they've had recently or you can look in county records as well. You may also check the following subdivisions in Broomfield to compare prices: Anthem, Wildgrass, Redleaf and Aspen Creek for common property values.
Laura Simmons contributes a variety of real estate articles. Check out these links for more information about Broomfield homes for sale and Broomfield real estate listings at the web.
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