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The Value of Homes in Nashville, TN

By Edited Apr 1, 2016 0 0

When most people consider what the value of homes in Nashville, Tennessee will actually be, they do so based on what neighborhoods or communities the homes are located within. Many times the value of a home is based on its location within in a city, but few homeowners underestimate the value that comes from what lies within their home.

Kitchens can have a major impact on the value of homes in Nashville. Many prospective buyers see the kitchen as the heart of the home, which is why they want the latest appliances and designs in the kitchen area. By simply choosing to invest in remodeling your kitchen you can add thousands of dollars in value to your home. In fact you may not even need to fix up any other part of your home to increase the value of your house if you focus all your time and resources towards the kitchen area.

Bathrooms are another area where you have the potential to increase the value of homes in Nashville, Tennessee. People want a roomy bathroom that is appealing to the eye. They also want to see that they have the latest fixtures and plumbing that will keep their house running smoothly for many years to come. Just as a kitchen can add several thousands of dollars to the overall value of your home, a bathroom can do the same. In fact they are the top two things to remodel in a home in order to generate a higher selling price for your home in Nashville.

One area that also has the potential to raise the value of homes in Nashville that many homeowners forget about is the great outdoors. Installing a pool, fencing in the backyard or simply sprucing up the landscape can all have an effect on a home's value and bring it up above other homes in the area. The right landscape is especially critical when you are selling your home since you need good curb appeal to get people in your house and wanting to buy it.

There is a concern though for homeowners who want to remodel or add to their home in hopes for an increase in the value their homes. While you may want to install the latest and greatest home appliances and trends, you need to find things that fit with the overall style and look of the neighborhood as well as the values of the homes in the area. Buyers that are interested in paying one million dollars for a home most likely won't be interested in doing so in an area of Nashville where there are only homes valued between $100,000 and $250,000.

To ensure you don't go overboard in remodeling a home to increase the value, you should carefully figure out what the cost of the remodel is compared to how much value it can add to your home. When the remodel costs more than what it can add in overall value, you should not do it. This not only wastes your time and money, but also eliminates you clearing a profit when you finally do decide to sell your home in Nashville.



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