The only time when you start thinking about selling your home is the time when you buy it. It is always advisable to a home with good real estate value, and if you were able to do it will be very easy for you to get the fair and right price when you sell it. Let us see the tips to buy home with good resale value.
But it has been observed that some of the home buyers do not consider the resale value of the home when they buy it. Most of them make this mistake because their primary focus was just on the basic need and comfort of the home, at the time when they buy it.
#Location Of The Home Is Having Many Impacts On Resale Value Of Home
You must have observed that real estate agents focus much on the location of the house. If you chose to buy a home with the proper location, then there is always remain the possibility that it will continue to be the favorable location.
And when you opt to sell the home, you will always get good rates and the pool of home buyers. In the same way, if the home is not at the desirable location, you won’t be able to get the fair price or even may be less than what was your buying price was. And this is the way; you will be able to attract the only smaller pool of home buyers.
Some people are also there, who use to make a mistake of purchasing home on the busy streets. They think that this is the excellent location of the city and when they opt to sell it they won’t be able to find the right buyers as most of the buyers think the home is located in the area having so much sound of traffic. These people also tend to make these types of mistakes at the time of buying the price of the home was cheap as compared to another house in the locality.
The other mistakes which home buyer use to do are that; they won’t be able to anticipate what changes in the location will impact the price of the home.
As some people, tend to buy the home getting attracted with the home comfort or having the great front doors. But if they would also be able to check the city roads nearby they will understand that may be the price of the home will get impacted with the busy highways nearby, as the vehicles used to run there at speed zooming speed of 70 kilometers per hour.
It is also true that you won’t be able to analyze about the future changes, but you can educate yourself about the things which are already at work.
#Basic Good Resale Value Indicators Of The Home
You should always have the accurate insight of the buyer who can buy the home. Then you can think of the type of home in which buyer would be interested, you should ask yourself about the basic parameters which your home is having, below are the indicators of a home with a good resale value:
#Your Home has More Than Two Bedrooms
If all the homes in your neighborhood have two bedrooms and if you are enjoying the comfort of more than two bedrooms, then you have the advantage, and when you try to resell it, you can attract the right pool of buyers. Most of the purchasers need more than two bedrooms as they want some space for the guests or want to make their office in an extra room. If you own the home with more than two bedrooms, you will surely have the good resale value in future.
#Your Home has More Than One Bathroom
Buyers can buy the home with a single bathroom, but they expect to spend much less on this. If the first time home buyers are given a choice they will always opt for two bathroom home rather than one bathroom home; they even don’t care for the extra costs for installing. And even two or more bathroom is not enough you should have at least one master bathroom in the house.
#Your Home Should Have An Appropriate Family Space
The family space means any space in your home where the group of people can gather. There will always be many moments when you need to have to get together with your friends and family, and you will always need to have some space in your house so that you can have gathered. Buyers would always like to have some extra space in the room, and every space in the house today serves some particular or dual purpose.
#Your Home Should Have Ample Storage Space
People nowadays are into a habit of collecting so many things, so your home should always have the ample and sufficient storage space where you can store all these stuff. You should also have enough closets space, the home with small closets are also hard to sell.
#Single Storey Home Is More Preferred Over Double Storey Home
It was the last century and gone are the days when people use to prefer the home with the double story, today the homes with the single story is more preferable. In case of the yard is not having enough space, but people will always prefer the home with one-story or at least master bedroom on the first floor.
But in case you are buying the home with lots of double-story homes in surroundings then should always go for the double-story homes.
#Your Home Should Have A Garage
Your home should have a spacious garage, where you can park your car and other vehicles, but if you are staying the urban area, you don’t need to do that as you will rely on the public transport. If the garage is covered and enclosed, that would be better.
#Your Home Should Have Open Floor Plan
Home buyers would always like to have open spaces and prefer natural light. However many families with young children do not want the master suite separated from the other bedrooms. So, your home should have the open floor plan and have a smooth flow throughout the home.
#Your Home Should Be Updated And Have Modern Appliances
You should always make some home improvements in your home so that it will enhance the resale value of the home. And the best option to do the remodeling is bathroom and kitchen. Home buyers will always prefer modern pieces of equipment and trendy kitchen in their home.