It’s hard to imagine ever selling the home you just spent so much time and effort acquiring, but for most Americans, another move is inevitable – it’s only a matter of time. Families grow, families shrink and people change jobs. It’s rare these days to stay in the same home for 25 years.
So, even though finding the ideal home for you and your family should be your end goal, it pays to consider the possibility of how other potential buyers will respond to your home in the future.
Tastes may change over the years, but there are several factors that are found in homes with a high resale value consistently. If you hope to sell your home quickly and for a profit in the future, it pays to keep these four factors in mind when investing in a home.
A Prime Location
Absolutely nothing tops location in the real estate industry – why else would people pay thousands of dollars to live in a shoebox apartment in Manhattan? If your home is in a prime location, the odds are it will sell quickly and for a premium. Of course, like many things, a prime location is in the eyes of the beholder, but, typically, you cannot go wrong with good schools, convenience to nearby shopping and services, low crime rate and walkability.
A Great View
A nice view can sell your home when all else fails. People like the idea of stepping out onto their porch or balcony and seeing something beautiful each morning. You probably do too.
Now, depending on whether you are in the city or in a more rural area, your definition of a “great view” may vary. City dwellers like to be up high and overlook the skyline. Those in rural areas like to stare at the beauty of nature. One thing is for sure, the view of a brick wall or a gravel pit rarely meets anyone’s definition of a “great view”.
A Great Layout
Layout is an important factor as well. In fact, you might remember that the number of bedrooms and baths was one of the first things you considered when determining which homes belonged on your “must see in person” list. Beyond just number of beds and baths, the feel and flow of a home can play an important psychological role when selling a home. You want a home that has a floor plan that makes sense, feels larger than it is and incorporates natural light.
A Great Façade
How a home looks from the outside can plays an important role in generating interest among potential buyers. Homes that make a great first impression from the street tend to sell faster and for more money than those that don’t. So, if you plan to resell your home in the future, consider investing in a home with the potential for great curb appeal or one that already has it.
The four factors listed here are very important when investing in a home you intend to resell sometime in the future, but a much easier method is to simply remember what attracted you to the home in the first place. Trust your instincts. If the home attracted you, it will likely attract others in the future. Contact me today for a consultation. I will be happy to answer any questions you may have, and/or help you find the home of your dreams.
Photo courtesy of Simon Cunningham at Flickr.com