State Of The Town Impacts Property Values Throughout


You have to love old sayings because in most of them there is often a grain of truth.

It is unknown who said this first, but it is one of my favorites. “If you always do what you have always done you will always get the same results.”

Because of today’s lack of economic vitality, the saying may go like this ... “If you always do what you have always done, you will see declining results.”

Recently, a local homeowners association asked me to speak to their membership on the topic of how to improve their home values.

Most canned real estate articles will tell you to make a good first impression by improving the outside appearance of the home, cleaning the clutter in the home, or having the smell of baked bread permeate the air.

These ideas work, however; their implementation will not have an influence on the outside factors that contribute to the value of their home.

If two homes are built exactly alike, why is it worth more in Scottsdale than Buckeye?

Why would it be worth more in Flagstaff than Payson?

Here’s is a challenge if you have lived in Payson or any other of our Rim Country communities for more than three years; start at one edge of the town and drive to the other.

Take some side roads.

Pretend this is the first time you have driven through the town like you have never seen it before.

What impression do you get?

Is it the same as it was three, five, or 10 years ago?

Are there more empty commercial spaces? Is there vitality? Empty store fronts?

After you have lived in your community for a period of time, it is hard to notice the changes that have evolved slowly.

For example, many people insist on view lots of the Rim or the Mazatzals.

At first they enjoy the views tremendously, but if you ask them over a period of time if they see the mountains every day, most will say they do not.

“If you always do what you have always done you will always get the same or declining results.”

Outside influences affect the value of everyone’s property.

Outside influences and the choices we make as a community including, but not limited to our level of taxation, exorbitant development fees, quality of schools, vitality of the business community, job availability, and retail choices, are factors that affect home values.

If you want to know what affects your property values, you need to “think outside the box” that you live in.

Ray Pugel is a designated broker for Coldwell Banker Bishop Realty. Contact him at (928) 474-2216.


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