Everyone knows that other than the condition of the home itself, nothing is as important to a buyer as location. The adage of "location, location, location" rings true. There are many factors and considerations when looking at the impact location has on property valuations. Here are six location factors that may affect a home’s value.
According to a recent study by the University of Washington, trees can have a significant impact on the value of a property. Here are some of the findings:
- Mature trees in a yard result in a 2 percent price increase
- Mature trees on the street equate to 3 a percent gain
- Trees in the front yard give a 3–5 percent boost
- Mature trees in a high-income neighborhood can result in as much as a 10–15