What Factors can Affect Your St. Louis Home Value?
What is my St. Louis home worth? This is likely one of the first questions you asked when you decided to sell your St. Louis home. In reality your home is only worth what someone will pay for it. Your St. Louis home value can be determined by considering a few factors and taking steps to let these factors help your home.
Where’s the Home Located?
Is the St. Louis home near a highway, near a flood zone? Was the area formerly crime ridden? Is there a vacant lot next door? These can each cause the value of your St. Louis home to stagnate and keep your home from moving in the market simply because the home was poorly placed. Keep in mind that a home for sale one street over may be identical in layout, rooms and square footage, but if these same issues don’t sit in their backyard they may sell faster and for more money. One way that you can avoid your St. Louis home value being brought down is to play up the location when you can. If there is a great walkability factor that will appeal to young professionals then put it in the listing. If there is access to the highway then write it up to appeal to commuters.
Is the Home Up-to-Date?
Is the home stuck in the past with outdated paint, carpet, and overall décor? What about the appliances, when was their last update? Many buyers will automatically turn the other way if a home seems to be stuck in the past and not updated. This goes for homes that have been renovated and tailored to you as well. Since most buyers would like to add their own special touch to their new home, consider painting the walls a neutral color or potentially take out any added fixtures, replacing them with something simple. Remember that you don’t want to do a huge renovation that will take away from the natural appeal of the home; just make a few small updates that appeal to young and older buyers alike.
Know Your Home’s History?
You should always know the history of your home and how it can impact the St. Louis home value. If the home has ever had a fire, a flood, mold or the area was once a high crime area it’s a part of the property’s public record now. If you know the history of the property you will be able to show potential buyers how you’ve turned the property around and brought positivity back to the home.
Where Does Your Home Match Up?
How big is your St. Louis home? How many rooms and bathrooms does the home have? Remember that when buyers are looking at homes online the first thing they look at is square footage and then the number of bedrooms and bathrooms. Find out where your St. Louis home matches up in comparison to other homes currently in the market. You should also figure out what sets your home apart from the rest of the competition. Does your home sit near a landmark, celebrities or a park? Bring these things up in your listing to draw attention to the property.
You’ll find that a number of different factors can affect your St. Louis home value but there are ways to flip these factors in your favor. You just need to know what these factors are and how you can turn it around. Work with your agent to discern all of these things and what you can do to help sell your home a little faster at a great rate.