Linda Moore is a Realtor with Amelia Bullock Realtors in Austin, TX. She is also co-owner of Estate Mates Austin, an estate sales company. You can reach Linda by email HERE.
Having sold real estate in Austin for over 30 years, I have observed that these factors affect value
- Location – land and homes close to downtown and UT are more valuable than properties further out. So, you get more house for your money by going away from the close-in areas.
- Condition of the property: is it well maintained, updated and appealing?
- Do the surrounding homes look as good as yours or are they spotty, with some obvious maintenance needed?
- Convenient to schools, shopping and major employers.
- A view of the hill country, capitol, or water may add $10,000 or more to the value of your home. Some homes in Cat Mountain have a view of Lake Austin and the Pennybaker bridge and those will have $30,000 or more for the view.
Good schools with exemplary ratings will affect value and attract young families with school age kids.
These factors can also adversely affect values
- Location: if you back up to a major highway, busy street or are located near a landfill and get undesirable odors, your value will be affected.
- If you are far out and inconvenient to schools, shopping, medical facilities or have a long commute to employers, your value is affected.
- If you added on to the house and the add-on was not well done or has messed up the floorplan or you have enclosed the garage, you may have made your house less valuable.
- Deferred maintenance will bring the value down.
Before putting your house on the market, consult me or another realtor about what you plan to do, what colors to use, and whether an item will add value or not. Some improvements may be for your own enjoyment but may not add any value on resale.
Staging the house and uncluttering it before putting it on the market are always encouraged and will bring you a sale sooner.