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Focus Five: 5 Weird Things That Affect Home Value

Randal Engelmann & Erik Gould

We are Randal Engelmann and Erik Gould, partners in providing exceptional customer service.

Jul 31 4 minutes read

This week, Erik & Randal are chatting about some fun, wacky, and just plain weird things that can affect your home value. Lots of people talk about The Whole Foods affect when it comes to selling your home, but have you heard of any of these?



TRANSCRIPT:

Erik:

Welcome back to Stay Focused, Focus Real Estate's weekly video blog. I'm Erik,

Randal:

I'm Randal.

Erik:

And this week our topic is "5 Weird Things That Affect Your Home Value" It's our Focus Five!

Randal:

Focus Five. 5 weird things. It's kind of fun to watch and see what's trending in the marketplace. We've all heard of the Whole Foods effect, right? A Whole Foods moves in the neighborhood and all property values go up blah blah blah. That's what everybody's used to, but there are some new things that are starting to affect home value. The first one being close to a Starbucks. You know, I think there's one
everywhere now. Can you NOT be close to a Starbucks?

Erik:

I guess that'll affect most people's home value because there's so many of them.

Randal:

Indeed. But being close to a Starbucks tends to have an upward effect on the price of your home. Blue kitchens and baths! Blue is the new color.

Erik:

You mean like the blue tile that we saw in the 1950s? That's back in and that affects the home value?

Randal:

Oh, now! But really! Blue cabinets, blue finishes, blue paint on the walls. This kind of stuff. The greens and the yellows are gone.

Erik:

Kinda passé?

Randal:

Yeah. We've talked about color before but it's actually starting to trend in the value of homes, now. So blue kitchens and baths!

Erik:

Number Three...

Randal:

... Being Trendy. Adding some shiplap.

Erik:

Shiplap! It's a fun to say. Say that ten times! Shiplap! Shiplap! Shiplap!

Randal:

If you don't know what that is, well you know, a little piece of wood looks like the inside looks like the inside of a ship.

Erik:

I've been seeing a lot of on these do-it-yourselfers and these home remodeling shows. Shiplap.

Randal:

Pallets and stuff too. And like people using that.

Erik:

It's the boards on boards that is kind of that rustic look.

Randal:

Yeah. 

Erik:

It's trendy right now and I guess positively affects the home value.

Randal:

And believe it or not marijuana also has a positive impact on your home. Well, you don't just smoke it anymore!

Erik:

What do you mean marijuana has a positive impact on your home?

Randal:

A positive marijuana law. States, where there are laws that are favorable to marijuana sale and the where there are laws that are favorable to marijuana sale and the legalization, is actually bringing in jobs and bringing in revenue.

Erik:

It's strengthening those economies and strong economies increase home values.

Randal:

I gotta think it's attracting younger people as well.

Erik:

One thing I have to say is, the smell of marijuana in the house isn't great for when we're doing showings. Open the windows! Air it out. That's not a big selling feature.

Randal:

You're so critical!

Erik:

Just saying!

Randal:

Number Five: Trader Joe's. Being close to a Trader Joe's has a positive impacts on the pricing. Yet another kind of Whole Foods affect.

Erik:

Instead of Whole Foods, it's Trader Joe's.

Randal:

Trader Joe's. Pot. Blue kitchens.

Erik:

Shiplap.

Randal:

Anyway thanks for watching today, guys. Don't forget to Like us on Facebook and subscribe to our YouTube channel and until next time Stay Tuned and Stay Focused.

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