Buying
Homes with Resale Value
When it comes
to selling a home, the view of surroundings one can have from the house
matter a lot in fetching a fairly good price.
A house
that has got better view of outside world such as a beach or hill view
can have a better resale view. So choosing a right home that may have
a good resale value needs more knowledge about the factors that effect
or affect the resale value.
Your idea
of one particular aspect that may fetch additional value need not be the
same in the eyes of the prospective buyers. Hence, be choosy while going
for buying home if you have even a faint idea of reselling after some
time.
Most real
homes today are usually concentrated on the building itself but the lot
plays a major role in deciding the resale value. Home with a good resale
value should have lots that are as level as possible.
For example,
for a home in a typical neighborhood, the lot should be rectangular and
can never be any odd shaped.
Though older
homes have big courtyard, modern homes are not expected to have such a
big courtyard. However, there should be courtyards, both at the front
and back, and the size should be decent enough to suit the needs.
Always buy
a lightly landscaped property, as you need not shell out extra money for
the landscape. You can always add additional landscape and perk up the
value for the added landscape. You can greatly enhance the look of your
landscaping by adding few bushes and trees that are inexpensive, but may
fetch you a great deal of money while selling.
Do not go
for homes that are very big and stand out in the locality. While selling,
a big house may not fetch value when all other houses are either small
or medium in size.
On the contrary,
if you buy a small or medium house for the neighborhood, the larger homes
can help to get you a better value. You have to play cautiously between
your wants and needs here and strike a balance.
Choose a
more prestigious neighbourhood over a desirable neighbourhood, as the
return on reselling a house is bound to be more in a prestigious locality.
Of late,
people prefer to have a minimum of 3 or 4 bedroom buildings and if you
can stick to such choices in your buying, then you may have many potential
buyers in future, if at all you go for reselling.
When it comes
to the number of bathrooms, people prefer to have at least 2 bathrooms.
Never settle for a home if the same has only one bathroom. Under bare
necessity, look out for options to add an extra bathroom after the purchase
so as to increase the value while reselling.
Walk-in closets
are very popular and are extremely desirable for the master bedroom. Ensure
that you have one master closet in your bedroom and at least small closets
in other rooms. A separate closet for linens and towels will be a nice
idea that may prove profitable while reselling.
Garages facility
and laundry facility add to the resale value and you should always make
sure to get at least a two-car garage and ample laundry facilities. Take
care to locate the laundry facility in the first floor or at least not
in a place where people frequent.
Kitchens
play important role in any family and hence having a large and functional
kitchen is a must for any home. Try to provide modern and useful appliances
in the kitchen.
For better
functionality, have your dining room and breakfast nook adjacent to your
kitchen. In modern houses, people also prefer to have family rooms near
to kitchen and give a thought to this aspect also while going for the
purchase.
Access to
backyard and other open spaces should be easy. A garage located more towards
the kitchen can be very useful while transferring the groceries from you
car or truck.
When it comes
to having additional facilities such as swimming pools or an attached
gym may not fetch better value as people do not regard these item as necessities
and hence avoid such homes with pools.
Want to know
how to properly plan your family's financial security through estate planning?
San Diego estate planning specialists can help you achieve that.
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