Surprising Things That Can Add Value To A Home

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  1. Surf breaks: Living within a mile of a surf break can add up to $106,000 to a home’s value according to the Monterey Institute of International Studies.
  2. Parks and open spaces: Being near a well maintained public park or open recreational area can add to the property value of nearby homes by up to 8%-20%. On the flip side, living near a park that is not maintained well can lower the property value of nearby homes.
  3. Being near a Walmart: Being near this huge store can make everyday life easier, such as running to get a gallon of milk, and according to the University of Chicago, living within a mile of one can increase property value by 1%-2% and living within a half mile can add an additional 1% on top of that.
  4. Solar Photovoltaic Systems: Homes in California equipped with PV systems can sell for a $17,000 premium over homes without them.
  5. Walkability: The ability to walk to stores, restaurants, schools, and parks can increase property value anywhere from $4,000-$34,000, however, the largest boost in value occurs in large and densely populated cities.
  6. Professional Sports Arenas: A new pro sports stadium can positively affect home values within a 2.5 mile radius by about $2,214.
  7. Community gardens: Planting a community garden can increase the value of homes within 1,000 feet of the garden by 9.4% within 5 years.
  8. Trees: Having mature trees in the yard: 2%, mature trees on the street: 3%, trees in front yard: 3%-5%, mature trees in high income neighborhoods: 10%-15%.

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