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Buying a House with Resale Value in Mind – Important Factors that You Must Consider


Buying a House with Resale Value in MindBuying a home is a mark of accomplishment. However, when you purchase a house for yourself and family, it is important to keep in mind that home might be sold later on in future. You might need to change jobs and need to move. Your business might be doing great which would require that you move to a better area or bigger house. Whatever your reasons might be, when you buy a house ensure that you have a resale value in mind. So that when you want to sell in future it does not prove to be a frustrating experience. Here are important factors that you must consider.

  • Location

Location is always the main reason why most people buy their properties. It is important that you take this very seriously because you can hardly do anything about it once you buy. Buying a home in the middle of a commercial district is never an attractive prospect. Many prospective buyers would not bother to even look at the house. It is evident that it will raise safety concerns over their kids and bother their sleep at night with vehicles zipping across the street 24-7. In addition, houses around the airports or train stations are also a tough act to sell.

  • Old Neighborhood New House

Another thing you should factor into consideration is the neighborhood you plan on staying. Is it an old residential neighborhood? Are the homes in a good condition or are they falling apart? If the homes in the area are an eyesore, it will surely bring down the value of your own property, even if your property has just being renovated and is looking as good as new.

Furthermore, never purchase old houses that have bedrooms with no closets or just one bathroom. This might set you back 1000’s of dollars if you want to renovate. It will also reduce the sizes of your rooms as you try to make your home more convenient or habitable. A house that lacks the trimming of a modern home always poses a huge resale problem for any seller.

  • All that Glitters is Not Gold

It helps for you to visit your potential home both day and night. What is the reason for doing this? You need to find out just how busy the neighborhood is and catch out other happenings during the course of the day or night. You need to do this often because you might have missed certain things during your first visit. Try to bring a buddy or family member when next you visit your potential home. It helps to have a second pair of eyes and an opinion apart from yours. You might just notice something about your home that you never considered.

  • Crappy Layouts

There are some homes that are simply caught up in a time warp. They come with no front or back yards and dodgy floor plans, where you can access bedrooms by adjoining doors. This might work for a young couple starting out in the race of life. However, this is hardly an attraction for a full-fledged family as it smacks of a lack of privacy. Anyone can mistakenly or unexpectedly barge in on someone including in an embarrassing state of undress. This type of set-up would be far from favorable for most modern families and they would surely look for something better.

Categories : Articles/Tips, Blog

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