Sunday, January 17, 2010

A Surprising Thing to Consider When Buying!!!

It's hard to believe you need to consider your next move before
purchasing a new home!
However, it is always smart to shop for a new home with an eye on potential resale value down the road. While I can't predict what the future will bring, here are some simple things you can look for:

Views: Homes with a view often sell for a premium. This can be a
double edge sword as beauty is in the eye's of the beholder. Not
all buyers will place the same premium on views.

Lot Size and Shape: Level or rectangular lots are the most desirable. Much of the value in real estate is in the home, not
the landscape. As a buyer, do not pay a premium for someone else's
landscaping efforts.

Neighborhoods: Buy a smaller house in a nicer neighborhood. Rather
than buy a large home with smaller homes around it, buy a smaller
home surrounded by larger homes. This will improve your
appreciation opportunities.

Closets: Closet space is always an issue.

Kitchens and Baths: A spacious, updated kitchen is among the most
important features in a home. Updated baths are also important.

Garages: The bigger the better.

Backyard Features: Decks and patios generally yield almost a
dollar-for-dollar return.

Remember, what may not matter to you could matter to most other buyers. This is where buyers usually wade into trouble. I'm reminded of a client who wanted to buy a home against a busy street, saying the traffic noise did not matter to them a bit. What they did not consider is that it DOES bother the majority of homebuyers. People that would come to look at their home, when they are ready to sell, would be turned off by the noise. That's why these homes take longer to sell, and sell for 5-10% less than comparable homes, typically. What you don't think about can cost you money!

I'd be happy to answer any questions you have and show you
properties that meet your needs. Please call or email me when you
are ready to look for a new home.

1 comment:

  1. Thanks for sharing this information on this blog. I will now try to find the best new homes here in our place.

    Phoenix Az

    ReplyDelete