Resale Value On Homes
There are a great many factors that have to be addressed when it comes down to resale value on a property. Before making any hasty decisions – do your homework because you should never judge the book by the cover.
Attention To Detail
Picturesque scenery or industrial surroundings are aspects that can affect the resale value of your home. When buying or selling a house, remember to have these issues linger at the back of your mind. Buying a home in fabulous proximities like near the coast can up the dividends beyond expectations – who wouldn’t want to wake to the call of the ocean waves?
Not every buyer considers dollar value on a view so therefore leaving you in a “Catch 22” situation. Finding a buyer for your home could take longer than anticipated with or without views. In some cases, the resale value on a house has been lowered for a quick sale due to the location or neighborhood.
Homes that hold good resale value should sit on a piece of land that is as level as possible. If the property is in a typical neighborhood, then the land should be square not odd or unevenly shaped. Size of the backyards are normally found to be a lot smaller in modern homes than in properties built in the days gone by, however, do not lose faith! You can still find a decent sized front and back courtyard in smaller properties.
Over-landscaped properties are a no go. You would normally expect to pay a premium for this of which you may struggle to claim back when you sell. Best resale values come with premises that are moderately landscaped or under-landscaped. If gardening is your forte then add your own shrubbery bushes and trees.
Property Location
Houses in residential areas will vary in size. If resale value is an important issue then opt away from buying the largest building in that particular part of the town or village. When determining market value, the homes directly aside to yours can hamper a buyer’s decision so if you buy a small or medium house in that location the larger homes can help pull up your value.
Purchasing a property in a more prestigious neighborhood may provide more financial rewards.
Stick to buying a property in the size of three to four bedrooms which are the most popular among first-time homebuyers. When it comes to the reselling deal you will have more of a chance of attracting offers because of the size. Walk-in spacious closets are extremely desirable in the master bedroom.
Always check out closet space. The more space, the more money in your pocket when it comes to selling. The resale value will increase with a joining garage. Has the utility/laundry room located somewhere convenient on the ground floor of the house? Kitchens are about a person`s personal preference but the bigger the better. The serving of meals should be made easy, look for dining and eating places that are adjacent to the cooking area.
Common sense will help you decide on what priorities come first to help hold the home’s resale value. You ultimately want to be looking at a typical “ideal home” for a family that could be moving in, especially if the property you’re interested in is in a residential area.
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