1. New construction nearby: Because of low prices for lots and varying prices in home building materials, new homes can actually be cheaper and cost less per square foot than existing homes. If there’s a lot of new construction nearby, that can affect the price for your own listing.
2. Renovations: Recently renovated homes typically sell for more than homes that haven’t been updated in a while. If you’ve recently upgraded your home—especially sought-after upgrades like the kitchen or master bath—your home should be priced appropriately.
3. Developable lots: Not all lots are created equal. Even if the square acreage is the same, a lot that’s easily developable will get a better price than a hilly or rocky lot that needs a lot of preparation.
4. Sales price of similar homes in the neighborhood.
5. Location: Proximity to schools, busy streets, and upscale grocery stores can have a profound effect on property values.
When buying or selling a home in the Denver metro area, contact Delilah,
and let me put my knowledge, experience, expertise, and professionalism to work for you.
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