The home shown in this article is a valuable investment. It was built in 2014, and has been in the same family since then. That adds value to the home as it helps preserve the integrity of the property.
The home was built on a large plot of land, so when you look at the home from the outside, you would think it has been lived in for years. It is decorated in recent past styles with lots of bright colors and some modern features.
These past styles work well with the property itself: A nice old-fashioned house that is tucked away but beautiful. The grounds are well-maintained and lovely to sit and look at.
This home is a good investment because it is beautiful, retains its value well, and isn’t too far away from important infrastructure such as water and electrical grids.
Current mortgage on the home
The current mortgage on the home is $180,000. This makes the home a little expensive to purchase on a first glance. However, with a little bit of work, you can find a home that is in worse shape but not impossible.
The home was built in 1982 and has had some remodeling over the years. There was also some water damage done to the property when it was an auto repair shop.
There is also some potential damage to the property from wind and water movement. These potential issues could save you some money in repairs in the long run!
The estimated value of this home is $100,000 – $140,000 making it an affordable alternative to a new house. If you are looking at buying a new house, this is an equivalent property to the Golden Arrow Ct.
Cost to fix up the home
A home with a estimated value of $140,000 in Shelby Township, Mi is worth spending money on. Luckily, you can spent money on this home!
The cost to fix up the home will vary by how well it is maintained and what improvements have been made. Many times contractors add some personal items into the homes like furniture or a cooktop or refrigerator freezer.
In this case, the cost may be higher than buying an exact same home with all of these additions removed. Fortunately, you can still choose which side of the door you want to go through!
Home values are not always right when it comes to telling how much a home is worth. Some homes are overvalued and others are undervalued. Using a value that is near the median will help find some clarity in your purchase.
Impact of new appliances
For those who are newlyweds or early parents, this is an important point to make. Does your new home have an A/C unit? If not, you will need to purchase one for your community!
A/C units are hard to find in older homes, due to the need for electricity to run the unit. This is why they are so expensive- they require a regular supply of power to run.
Many old homes do not have a power strip, so there is no easy way to connect an A/C unit or other electrical equipment. An improvised A/C unit may work fine, but it will be noisy!
Your new home may also have a water heater that needs replaced, or one that needs rerouted. Both of these pieces of equipment may require new connections and/or replacement parts.
Impact of painting the walls
If you paint your home, be sure to consider the color contrast. Some paints look very white or bright yellow, which contrast well with some shades of wood. Other paints look more gray or dark color. These colors can add character to your home!
Some paints contain trivalent (3+%) calcium Hydroxide, which is similar in texture to baking soda. When mixed with water and applied, it can transform into different colors and textures. The baking soda content prevents it from drying out when painted, making it possible to create a pleasing pattern on the paint.
If you would like to learn more about painting your home, there are several websites that offer tips and tricks.
Potential for adding value with remodeling
Adding value to your home can be done in many ways. Some of these ways include remodeling existing spaces into new spaces, or creating new space with those that are already in place. Adding value can also be buying a completed project or just starting to build your wealth.
By joining a community improvement council (CIC), for example, you can add value to your home by helping out the neighborhood as it grows. By purchasing a resold home, you also add value to the home as it is now, since you paid more for it than it was worth!
These types of projects cost money, but with the right person and team, they are worth every penny.
Potential for adding value with landscaping
Few homes in the U.S. have a landscape worth looking at with trees, flowers, and driveway areas. A lot of homes do not take advantage of this since it is cost-prohibitive to add more landa
At 14029 Golden Arrow Ct., you have a chance to add value to your home by adding more landaformatting: Adding land is cost-prohibitive due to the size of the home and the location. However, there are some offers where the land is included for free as part of the offer.
If you would like to add more land, consider renting one or two boats and moving them out on the waterway property.
Neighborhood safety rating
At this level, there is darkness or threat of darkness. At this level, there is a threat of flooding due to heavy rain. Therefore, the home should be protected.
Home value at this level is expensive so it may be important to add protection at this level. Adding more protection will cost more money and may be better addressed by higher levels of government such as a city or county.
At this level, additional safety measures may include closed blinds or curtains to lower light exposure, depth curtains or fleece blankets to prevent overheating, and retreat capability in case of storm damage or fire.
Home values can vary slightly between these two numbers but the point remains: This home is worth around $140,000 combined today! It would take some serious weathering to reduce its value further.
School district rating
The community values privacy and seclusion, which is why there are no outside lighting or sound systems in the house. It is also why there are no televisions or radios in the home.
Home owners also value a quiet environment where they can be private with one another and how they want to communicate. A home filled with loud TV noise, loud radio noise, and lots of sound equipment will not meet these personal priorities.
There are several schools in the neighborhood and Golden Arrow Ct. is only a few miles from both Central High School and West High School. Both of these schools have very high ratings so this isn’t a huge factor for you as a buyer.
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