8 Neighborhood Amenities That Increase Home Value

Living in Sarasota offers a unique blend of sophistication, natural beauty, and a close-knit community. One of the most appealing aspects of this area is the range of amenities that can significantly increase home value. Did you know that about four in ten households (42%) would prefer a community where houses are smaller and closer to each other, but schools, stores, and restaurants are within walking distance?

Here are some essential amenities that increase home value, which you might find in desirable neighborhoods throughout Sarasota, Fla.

Fast Facts

A desirable park or other recreational open space boosts the property value of nearby homes by 8-20 percent.
The ability to walk to schools, parks, stores, and restaurants will raise your home’s value anywhere from $4,000-34,000, according to a 2009 study from CEOs for Cities.
A new sports stadium can raise property values in a 2.5-mile radius by an average of $2,214.
Mature trees on your street can raise the home value by 3 percent.
35.5% of children aged 0-17 have access to all of the following: a park or playground; a recreation center, community center, or boys' and girls' club; a library or bookmobile; and sidewalks or walking paths.

Walkability

One of the most significant real estate value boosters is walkability. Homes in walkable neighborhoods, where residents can easily access schools, parks, stores, and restaurants, tend to see higher property values. In Sarasota, having amenities within walking distance can increase a home's value by four or five figures. Walkability is a crucial property differentiator that enhances convenience and promotes a healthier lifestyle.

Mature Trees

Mature trees on your street can enhance property values and lend your home an intangible comfort. These value-added features improve the aesthetic appeal of a neighborhood and offer environmental benefits such as shade and improved air quality. In Sarasota, the presence of mature trees is considered a premium property addition, contributing to the overall charm and desirability of the area.

Dog Parks

For pet owners, dog parks are a highly desirable neighborhood feature. These spaces provide a safe and enjoyable area for pets to play and socialize, which can be a significant selling point for homes. In Sarasota, dog parks are an investment-boosting amenity that attracts families with pets, adding to the real estate value of homes nearby. The city is known for its pet-friendly and upscale communities.

Proximity to Retail and Essentials

Being close to retail stores and essential services is a major appreciation-driving amenity. Homes conveniently located near shopping centers, grocery stores, and healthcare facilities tend to have higher property values. In Sarasota, proximity to retail and essentials is a high-demand home attribute that makes everyday living more convenient and enjoyable.

Resort-Style Amenities

Resort-style amenities like swimming pools, fitness centers, and clubhouses are luxury inclusions that can significantly increase a home's value. These upscale features provide residents convenient access to recreational activities and relaxation spots without leaving the neighborhood. Sarasota is known for its luxurious residential communities offering resort-style amenities, making them desirable places to live.

Future Developments

Future developments in a neighborhood can be a crucial property differentiator that drives up home values. Planned infrastructure improvements, new business establishments, and community enhancements are real estate value boosters. In areas like Sarasota, being aware of upcoming developments can give potential buyers an edge in making informed investment decisions.

Hiking Trails

Access to hiking trails is a significant appreciation-driving amenity for many homebuyers, especially those who enjoy outdoor activities. Sarasota's proximity to nature reserves and parks with hiking trails enhances the desirability of homes in the area. These trails offer residents a way to stay active and connect with nature, contributing to a higher quality of life.

Historic Homes

Neighborhoods with historic homes often have a unique charm and character that can significantly increase property values. Sarasota boasts neighborhoods with beautifully preserved historic homes. These value-added features attract buyers who appreciate the blend of history and modern living, making historic neighborhoods a prime investment opportunity.

Living in Sarasota offers a unique lifestyle enriched by these valuable amenities. Whether you're a homebuyer or a seller, understanding these features can help you make the most informed decisions in the real estate market. With their natural beauty, excellent schools, community activities, and proximity to essential services, these areas provide an ideal environment for a high quality of life and substantial property investment.

About Judy Limekiller

If you're ready to explore the opportunities within the Palmer Ranch housing market or wish to expand your investment portfolio in one of Sarasota’s most desirable communities, Judy Limekiller is here to guide you. With extensive experience and a deep understanding of the local market dynamics, Judy can provide invaluable assistance in finding the perfect property to meet your investment goals.

Reach out to Judy Limekiller today to begin your journey into the thriving real estate market of Palmer Ranch.