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Neighborhood Amenities Can Add Value to Your York County Home

Neighborhood Amenities Can Add Value to Your York County Home

The real estate axion, “Location, Location, Location”, has long been touted as a prime identifier of home values. A big reason for this has to do with neighborhood amenities; certain features have been shown to add value to homes nearby.

Whether you are selling or buying, understanding which neighborhood features are at the top of the list is important in understanding property values. Sellers can use these aspects of where they live to highlight their home listing and increase interest from home buyers. Anyone searching for a house can gain insight on current and potential value growth for their investment.

Two of the most well-known neighborhood amenities which can add value to homes are hospitals and schools. This is not say if either of these are within walking or driving distance from a property the value will automatically be higher than those homes farther away. The key is often how well these community resources provide their services.

While schools have clearly been shown to provide a significant impact on home values, for hospitals, the impact can vary. If your home is next to an emergency room, chances are it won’t help your property value due to ambulance sirens and such. At the same time, innovative hospital centers have also been shown to boost local economy which impacts home values.

Parks and other outdoor recreational areas are another plus as a neighborhood amenity. For urban areas, having a park or hiking trails within walking distance is often high on the list of desirables from buyers. Trees themselves are often a feature which adds value to properties. Trees add shade in the summer and can help reduce wind against your home in the winter. Both of these seasonal aspects of trees can help keep heating and cooling costs down. According to a study done by the USDA, Tree lined streets have also been found to add value to homes.

Easy access to food and basic supplies is another neighborhood amenity which has been shown to increase property values. Local farmer markets are a growing trend in many communities. Just their presence alone has been found to help local economies which in turns helps increase property values. Nearby grocery centers can also add to the property values of homes. Certain stores in particular have been found to significantly increase values and equity in neighborhoods as reported last year in REALTOR® Magazine.

If you’re planning to sell, consider which neighborhood amenities you can include in your listing to attract potential buyers. If it’s time to buy, finding a home with appealing neighborhood features can help build value in your investment. When you’re ready to buy or sell property in York County, you want a team you can rely on. The Jim Powers Team of local, experienced Realtors® is here to help you through the entire process. Our goal is to help you from start to finish, with complete satisfaction. Visit our website to learn more, then contact us or give us a call at 717-417-4111, to get the conversation started.

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