Considering Home Resale Potential
Buying a home should be a very exciting time but it’s important to consider a few factors. You’ll probably want to sell this home sometime in the future and you need to consider how your house will do on the market then. These 7 factors can make it easier for you to sell at a later date.
Location: Maybe the most important factor is location. Things like schools, roads and things to do like shopping all make your property more desirable and give it a higher resale value.
Curb Appeal: Maintaining the front of your house will make a great first impression on anyone who sees it. This is a great step in making your home more attractive to others.
Bedrooms: Many people looking to buy a home want at least 3 bedrooms. A lot of people from families to professionals want to have more space in their home for everything they need to do. Like bedrooms, having only 2 bathrooms could hurt your home when you have to sell it again.
Storage: Having storage in your home will always make it more attractive to buyers. Having an attic or garage can make your house stand out on the market but closet space can be just as important.
Neighborhood: Buying the biggest house in an area isn’t usually the best way to get a return. It’s better to have a smaller home in another area and get a larger return on your investment when it’s time to sell.
Renovations: Certain home upgrades can make big differences in your resale value but it’s important to choose wisely.
Yards: Having a larger yard compared to the houses around you means your home will sell even faster. Many families find that buying a home with a yard is important to them.
Thinking about purchasing a home or refinancing? Talk with a Loan Officer today!