(630) 522-2020
22 N Lincoln, Hinsdale, IL 60521
linda@lindafeinsteinhomes.com

Why A Home Is Worth What It's Worth

Factors affecting home value

Factors Affecting Home Value

Most of us know the mantra that answers,” What are the top three factors that determine a home’s value?” If you responded “Location, Location, Location” you’re right. But what makes for a good location? And what is it about a particular home that gives it value?
Part of the answer is subjective – one person’s ideal feature can be another person’s deal breaker. But in general there are factors that affect a home’s value and attract, or detract from its appeal to buyers.
Virtually every buyer will be a seller one day, so it pays for both potential buyers and sellers to pay attention to the characteristics that help determine how you present or future home will be valued relative to similar properties in your neighborhood:

 

Home Characteristics:

  • AREA (SQUARE FEET)
  • STRUCTURAL CONDITION
  • TOTAL NUMBER OF ROOMS
  • NUMBER OF BATHROOMS
  • NUMBER OF BEDROOMS
  • FIREPLACE(S)
  • CENTRAL AIR
  • FULL, DRY BASEMENT
  • SIZE OF GARAGE
  • ENERGY EFFICIENCY, UTILITY COSTS
  • LANDSCAPING, CURB APPEAL

Community Characteristics:

  • QUIET, SAFE, CLEAN, ATTRACTIVE NEIGHBORHOOD
  • OVERALL POSITIVE PUBLIC PERCEPTION OF THE COMMUNITY
  • ADEQUATE FIRE AND POLICE PROTECTION
  • QUALITY PUBLIC SCHOOLS
  • LIBRARIES AND OTHER CULTURAL INSTITUTIONS
  • PROXIMITY TO SHOPPING, RESTAURANTS, RECREATION
  • ACCESS TO PUBLIC TRANSPORTATION
  • WELL MAINTAINED INFRASTRUCTURE; ROADS, PARKS AND OTHER PUBLIC RECREATION FACILITIES
  • HISTORY OF SOLID PROPERTY VALUES
  • PLANNED CHANGES TO ZONING, OR PROPOSED DEVELOPMENT PROJECTS THAT COULD SIGNIFICANTLY ALTER THE CHARACTER OF THE COMMUNITY

About Us

RE/MAX Signature Homes has an established reputation for serving the needs of homebuyers and sellers. Based in Hinsdale, we know the Western Suburbs, as well as other parts of greater Chicagoland, as a result of representing hundreds of clients in this area each year.

Our Team

In terms of “results”, Linda and RE/MAX Signature Homes have a reputation for selling properties quickly and at the expected asking price. In realizing this, we provide clients with peace of mind and take the stress out of selling and buying.

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