6 Factors That Increase Home Value in the Dallas Area
Home sellers in the DFW area sometimes ask us whether certain features will increase or decrease the value of their home. While there’s no surefire answer to that question, there are certain amenities that buyers tend to value. In this article, I’ll go over six factors that can help increase the value of your home.
If you’re selling your home in Dallas, you’ll want to make sure you list it at the right price. Of course, things like upgrades and remodels will add to the value of your home, but there are some less obvious features that can also have an impact.
For example, if your home has a good view or is located in a desirable neighborhood, these are both factors that can increase value. So, before you list your home, take some time to consider all of the factors that could impact its value. By doing so, you’ll be more likely to sell your home quickly and for the right price.
Nearby state, county, or city parks
Nearby professional sports arenas
Starbucks
Trees
Walkability
View
1. Parks and recreational areas.
When it comes to finding a place to call home, more and more buyers are looking for neighborhoods with easy access to green space. If your home is located near a state, county, or city park, it’s likely to be more attractive to potential buyers—and commanded a higher price as a result. Fortunately,
According to Journal of Leisure Research “analyses suggest that greenways may indeed positively affect proximate properties’ sales prices, in the most positive case to the extent of one fifth of value, resulting in millions of dollars of increases in prices“ Read the study here
If you’re selling your home in the Dallas area, rejoice! There are plenty of parks to choose from!
Featured in the photo: Frontier Park in Prosper TX
2. Professional sports arenas.
Love cheering on the Cowboys, Mavericks, Rangers, or Stars? Living close to a professional sports arena can actually add to the resale value of your home.
So whether you want to catch a game or simply enjoy having nightlife and entertainment options nearby, living close to a professional sports arena is a win-win!
Be sure to highlight that fact when marketing your home.
Featured in the photo: The Star, Home of the Dallas Cowboys in Frisco TX
3. Starbucks (or another popular coffee chain).
A lot of people love having easy access to their favorite coffee spot—and apparently, that love translates into cold hard cash when it comes time to sell their home. A study by Zillow found that “homes located within walking distance or one-quarter mile of a Starbucks appreciate 96% more than expected.” While we can’t guarantee that putting a Starbucks on every corner will lead to your home’s value doubling, it’s safe to say that having one nearby can’t hurt! Read more
Featured in the photo: Starbucks in Princeton, TX
4. Trees.
Living near trees has been linked with lower stress levels, improved mental health, better air quality, and increased property values. One study found that “mature trees in good condition can increase property values by an average of 15%.” Another study showed that “landscaping—including mature trees—can raise property values by as much as 20%.” So if you’re looking for ways to increase your home’s value without breaking the bank, planting some trees may be a good option!
Featured in the photo: Trees in the backyard of the new construction home in Prosper, TX
5. Walkability.
For home sellers in Dallas, the value of their home is likely to be increased by the presence of things to walk to. Master planned communities, shopping centers, restaurants, and historical districts are all perfect examples. By having a few things to walk to in these suburban communities, home sellers can increase the value of their home. This is due to the fact that buyers are looking for places that are highly walkable and have a variety of amenities nearby. Therefore, if you are selling your home in Dallas, be sure to include these types of features in your listing. They are sure to attract buyers and help you get top dollar for your home.
Featured in the photo: Historic Downtown Square in Celina,TX
6. Views.
I’ve saved the best for last! Having a nice view has been linked with increased happiness and decreased stress levels and it can also make your wallet happy come resell time. If your home has a great view, whether it’s of downtown Dallas or Fort Worth skyline or a pretty park or lake, be sure to mention that in your listing! A good view can be hard to come by in densely populated areas like the DFW metroplex, so buyers will be willing pay extra for homes that have them.
so if you’re lucky enough to have a lake view from your home, you may be sitting on a gold mine!
Featured in the photo: A view from the living room of the new construction home in Celina,TX
As you can see, there are several factors that can contribute to increased resale value for your home in the Dallas area! Of course, every situation is different and if you’re thinking about selling your home and would like personalized advice about what improvements may be most helpful for you, I’d be happy to chat with you about your unique situation!
Thinking about selling your home in the Dallas-Fort Worth area?
Selling a home can feel complex and overwhelming, but with a Realtor who holds a Seller Representative Specialist (SRS) designation, the journey becomes much smoother. I offer a proven home-selling plan designed to give you peace of mind and ensure a successful sale.
I invite you to fill out my Home Sellers form so we can embark on your home selling journey together! Let’s join forces to confidently sell your home, ensuring a seamless and successful journey.
Call/Text 214.940.8149 Today!
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Check out my other articles for more helpful information about the home selling process.
The home-selling process can be daunting, especially for first timers. But don’t worry, I’m here to help. To give you an idea of what to expect, I’ve put together a simple guide with the top things home sellers need to know.
Get more information by checking out my other articles linked below.
– House Selling Process – What You Need To Know
– 6 Factors That Increase Home Value in the Dallas Area
– Determining The Value of Your Home
– Get Your Home Ready To Sell Checklist: A First Impression That Lasts!
– Understanding the Listing Contract
– Staging Your Home To Sell – Will it Help?
– What does a Realtor® do to sell your house?
– How to Have a Successful Showing or Open House (Showings & Open House Checklist)
– Comprehensive Home-Selling Plan To Sell Your House
Latest from Dallas Real Estate Blog
– Texas Home Sellers Tips, Tricks and Lifehacks
– New Construction Homes in Dallas TX
– Mortgages for Homebuyers and Investors in Dallas-Fort Worth
The Seller’s Agent Duty
READ: Texas Real Estate Commission Information About Brokerage Services
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the
owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum
duties above and must inform the owner of any material information about the property or transaction known by the agent, including
information disclosed to the agent or subagent by the buyer or buyer’s agent.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
– Put the interests of the client above all others, including the broker’s own interests;
– Inform the client of any material information about the property or transaction received by the broker;
– Answer the client’s questions and present any offer to or counter–offer from the client; and
– Treat all parties to a real estate transaction honestly and fairly.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
– The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
– Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
TYPES OF REAL ESTATE LICENSE HOLDERS:
– A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
– A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
