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Posted over 14 years ago

How to Buying a DFW Home with Good Resale Value

Do you really need to consider selling a home even before you buy it?  Well, what if you decide to move or have to move? Wouldn’t you want a house that has increased in value and will sell quickly? Of course you do. Most of us won't live in the same house for the rest of our lives.  So then, it makes sense to analyzing a home’s resale values before you buy it.  Buying a home with good resale value may take a bit longer, and it may take more work on your part, but it will be well worth it when it comes time to sell and your home sells quickly and you put extra money in your pocket. Take a look at these tips to help you find a home with good resale value: Location is the Number One Factor                                                                ·         Are there areas in town that are increasing in desirability? ·         Why are these neighborhoods in demands? ·         Does new growth in town seem to be headed towards a certain area? Will there be plenty of services (shopping, schools) in that area? ·         Is the community changing for the better-with residence being rehabbed and additions added? Buying Tip: Always choose a home that meets your needs, but generally it is better to buy less house in a better area vs the other way around. Who's Buying?        Who are the primary home buyers in your area, professional singles, young families, seniors?  Example: In a senior area your best resale potential might be a one level home, because seniors don't like to do steps.  If the majority of buyers in your area are young families with children, consider buying a home with a nice yard that's not near by a busy street.  Buying Tip: Browse the internet for DFW real estate ads. A feature that's mentioned in numerous ads is likely one that's in demand. Avoid Outdated Features·         Electric baseboard heat is not as desirable as central heating systems. ·         One bathroom homes sell for much less than homes with at least two baths. ·         Tubs and showers in outdated colors, or scratched from years of improper cleaning, will deter many potential buyers. ·         Popcorn ceilings date a house back to the 70's.Buying Tip: Outdated features are usually a negative, but you can turn them into a positive if you buy a home at a great price and make updates. Before you make a decision to buy a home, analyze the update costs and determine how much value they will add to the home. Don't Sweat Cosmetic Updates·         New appliances and cabinet hardware will freshen up a kitchen and make it look more modern. ·         Fresh paint inside and out is a quick and relatively inexpensive fix.. ·         Skylights will brighten a dark home. Be sure to buy top-quality products and have a professional install them. ·         New light fixtures go far to lighten rooms and enhance a home's character. ·         New switch plates and electric plugs are an inexpensive way to make a room look nicer.Buying Tip: Watch for homes in need of cosmetic updates, because they're often priced under market value. What Are Home Buyers Looking For?·         Split bedroom plans, with bedrooms on each end of the home, are becoming more and more popular. ·         Closets--lots of closets, preferably walk-in, and with as much additional storage space as possible. ·         Homes with lots of natural lighting are very popular. Buying Tip: Popular features differ from region to region.  Do your best to determine what's in demand in your area. Ask your agent which features are always on their buyers want lists. The Bottom Line

Your first objective should be to buy a DFW home, even a home, that's right for you.  You also need to consider its resale value before you make your final decision.  You will be happy you did so when it comes time to sell.   Have your Realtor show you a few .  You never know, you may find the proverbial “diamond in the rough”.

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