When you are buying a home, even if you plan to stay for a long time, it is always important to look ahead to how easy it will be to sell when that time comes… because life happens and circumstances can change.

We all have heard how location, location and location are the three most important things in real estate. Most people are aware that living near a lake in Minnesota increases resale and property value, as can living in a highly regarded school district.

Crystal lake

HouseLogic has come up with an interesting list of how other neighborhood assets can affect value, based on studies in various parts of the country.

  • Parks and golf courses – can increase property values of nearby homes by 8-20%
  • Walmart or other similar 24-hour businesses – can raise value 1-2%
  • Walkability – being close enough to walk to schools, parks, stores and restaurants can raise values from $4,000 to $34,000
  • In-law apartment or carriage house – having a separate living space can increase a home's value by 25-34% and can be used not just for family, but additional income
  • Mature trees – whether in your yard or just on the street, mature trees add to your property value
    • Mature trees in a yard + 2%
    • Mature trees on the street + 3%
    • Trees in the front yard + 3-5%
    • Mature trees in high income neighborhoods + 10-15%

Buy a home because you love it and it fits your lifestyle, if that is where you plan to live. But looking ahead to how desirable it might be when it comes time to sell is also an important consideration.

Sharlene Hensrud, RE/MAX Results - Minneapolis-St. Paul Realtor

The team at HomesMSPSharleneJohnAngela Minneapolis-St. Paul Buyer's Agents


About Sharlene Hensrud

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Renovating? Be sure to pull permits…it could cost you if you don’t

If you are handy and like to do much of your own renovation work it can be easy to forget about pulling permits. Although it may not seem necessary to pull permits if you are doing your own work solely for your own enjoyment, it can become a different story when you sell. Thirteen metro.

Read More
price reduced

Your home isn’t selling… now what?

You have probably already figured out something has to change if your home isn’t selling in this seller’s market. There is one strategy that always works, regardless of condition, regardless of location, regardless of the market, regardless of the reasons potential buyers give for not being interested in your home. The most important thing to keep.

Read More

Sunday’s Site – Longfellow Neighborhood Coffee Shops, Minneapolis

NOTE: see the bottom of Sunday's Site posts for homes for sale in the area There is nothing that gives an area a sense of community quite like a neighborhood coffee shop. The Longfellow area of Minneapolis is dotted with them, and that is a good way to get to know the neighborhood… one with a strong sense of.

Read More