If the three most important words in real estate are location, location, location, then where, where, where should you be located? According website Houselogic.com, a number of factors can influence the value of a home. Here are three:
• Trees: According to a University of Washington survey, mature trees in a yard can be worth 2 percent of a home’s value; mature trees on the street, 3 percent; trees in the front yard, 3-5 percent; and mature trees in a high-income neighborhood,
10-15 percent.
• Parks/golf courses: A public park near a home can be worth 8-20 percent. A Portland, Ore., study of homes that were within 1,500 feet of a park found that proximity to natural areas were worth $10,648 on average; golf courses, $8,840; specialty parks, $5,657, and urban parks, $1,214.
• Walkability: Being close enough to walk to schools, parks, stores, and restaurants raises values anywhere from $4,000-$34,000, says a 2009 study by CEOs for Cities.
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