Factors That May Affect Your Property Values

1. Location, Location, Location - Location is perhaps the single biggest indicator of worth of property, whether it is land or a home.
2. Availability and Current Location of Utilities - Utilities including water, sewer, electric, telephone and natural gas all help determine the value of land. This is only a determining if you have land. However, in a house the type of utilities available can affect you home value. For example, Conway Corp, offered within the City of Conway has traditionally offered competitive utility rates when compared to surrounding areas.
3. Zoning - Zoning is an important indicator of value assuming the property is within the city limits.
4. Floodplain/Floodway Issues - If the property is in the floodplain or floodway your property value may decrease dramatically.
5. Neighborhood - The area surrounding the property is an important factor when determining property worth.
6. Topography - Flat land is usually more valuable than rocky or hilly terrain. Lowland wetlands are less valuable.
7. Waterfront - Being waterfront can add significant value to property whether it is a home or land.
8. Access - Accessing the property is vital in determining property worth, as well as the quality, type, and traffic count of roadway.
9. View - A scenic view makes property more valuable.
10. Mineral Rights - Mineral rights have the potential to provide long term income to the property owner. Whether or not you own the mineral rights to your property can significantly affect your land value.
These are all general guidelines and not intended to replace a comparative market analysis or appraisal of property.
If you would like a Comparative Market Analysis on your house or land, call one of our award winning real estate agents at CENTURY 21 Dunaway & Hart, Inc. at 501-327-2121 or 800-490-0021.