When considering real estate value, most people think about their own properties. However, the neighborhood and community you live in can actually influence the value of your home. You can have the nicest house on the block, but you would still have a hard time selling it if the area is not that good.
For this reason, everyone in the block should make a conscious effort to improve the neighborhood. More than just fixing your own home, you can also request reconstruction and improvements done in public areas.
If you want to know how you can increase the neighborhood’s value, consider making these renovation ideas.
Public Sports Facilities
Recreational spaces are always in high demand, especially when it is open to the community. Studies say that being close to public sports facilities can even increase a home’s residential value, and it decreases the farther a home is to the facility. It gives residents more incentive to stay and contribute to the community.
The existence of parks and open spaces gives the impression that the neighborhood has a good quality of life. Parks are also great for attracting people of all ages. Both families and retirees prefer neighborhoods with parks because it gives them a nice open space to relax. It also offers a ton of activities for them to do within the area.
If you want to increase your neighborhood’s value, you can request to have sports facilities added. Hire a tennis court builder to add in an attractive facility that has nice concrete. The cleaner it looks, the more value it adds to your neighborhood. Public pools are also a great addition., but you have to make sure that it is well-maintained and has a lifeguard.
Whether it is future parents or single people, it is always good to have a nearby police station. Gated communities usually have specific guards that check who goes in and out of the neighborhood. This way, you can also decrease the crime rate in the area.
Police stations or guard houses can signal to guests and homebuyers that the neighborhood is safe. Another thing that looks good on paper is night watch teams. One of the things people look for in homes is safety. They want to know that they can walk the streets at night when coming back late to work. Security can go a long way in easing their anxiety.
Guests won’t be able to see the facilities or the inside of your homes right away. That is why you have to catch their attention with nice landscaping. You don’t want it to look like the residents don’t care about their homes’ appearance. Nobody wants to lie in a neighborhood that looks rundown.
Adding more plants and trees to the neighborhood can make it look a lot nicer. Mature trees, specifically, are great to have. Not only is it appealing to look at it, but the plants also improve the air quality of the area. It adds shade to the streets, which can help make the weather feel cooler than normal.
Aside from that, neighborhoods should invest in maintaining the fences and gates when they can. It gives off the impression that the neighborhood cares about its maintenance. These fences can also show them that the area is safe.
The presence of schools can also increase the value of the neighborhood. Homes that are closer to schools have higher property values. It also increases with the quality of the school. In fact, 35 percent of Americans say that their dream homes are in school districts. Taking an active role in supporting the school is a great way to help all the residents.
Even for people who have no children or have no intention of having children, helping with the school can also benefit them. Simple acts such as volunteering to help repaint the wall or making small contributions can go a long way.
One thing you can do is provide your assistance in school programs. You can also show support by helping the local sports clubs.
Converted Open Lots
If you have open spaces or parking lots that serve no purpose, the neighborhood can convert it to a recreational space. At the very least, they want to make sure that the space does not accumulate trash or look sketchy. It might attract sketchy behavior and be used by lowlifes as a hiding spot.
When converting lots, think about functionality. Turn into something that can benefit everyone in the community. That way, everyone would have reason to support it and help keep it clean.