Mortgage Finders Network
Mortgage Finders Network, get the answers you need from the source you trust.

What Can Alter the Value of Your Home?

Obviously the value of your home is very important. It is important because you can use equity you have built up in the home. How does the value of your home change? There are some factors that can affect the value of your home for both the good and the bad. The following are some of those factors. The best part about them is that they are all very controllable.

Factors That Increase a Home�s Value

  • Landscaping � If the surroundings of the house are clean, then it can really help. The appearance of a house is important because people like to look at a clean home. It also shows that you truly care about the property you have.
  • The materials you use for your floors are important as well. These are called natural materials. People love wood floors and exotic looking stone. It shows that you enjoy the changing times. Certain materials also give the house a very historic feel, or warm feel as well.
  • The Kitchen � This is so important. A bad kitchen can really be a downer. Money you put into updating your kitchen will really be worth it. The kitchen is supposed to be a very clean area. Make it clean looking by always keeping it updated.
  • Bathrooms � This is also suppose to be a very clean area. If you notice the shower is getting old and beat down, then update it. Maybe the faucet heads are rusty. Fancy looking shower heads or faucet heads give the bathrooms a whole different feel.
  • A great first is impression is so important. If someone is visiting your house they generally decided whether they like the house within 2 minutes. So clean it up. Make sure the clutter is cleared and that the house has a very clean feel.

Factors That Decrease a Home�s Value

  • Location, location, location � People want to live in a part of the city that is growing. If you live in a part of the city that has not seen growth for a few years then you could be in trouble. Obviously this is a factor that is out of your control. Unfortunately it still does affect your home�s value.
  • Bad roofing � This is such a deterrent. Nobody likes to fix a roof, it is such a distraction. So people may be turned off if they see a house that has a poor roof. Roofing offers comfort to the entire house.
  • No garage � The days of the carport are over. People like to see a garage. They want to know that their belonging and cars will be safe. A garage is a very safe place to store your automobiles.
  • Bad maintenance � This has been an overwhelming theme for this blog. You need to maintain your house, because your value will be greatly affected by poor or no maintenance.
National Rate Averages

Mortgage Rates

Product Rate
5/1 yr ARM 3.147%
1 yr ARM 3.299%
15 yr fixed 3.221%
30 yr fixed 3.815%

Home Equity Rates

* Updated Jun 7, 2012