Here are a few tips to help you avoid buying a home with low resale value.
Want to buy a home that will have a high resale value once you’re ready to sell it? Follow these four tips:
1. Don’t buy a home that faces or backs up to a busy road. Anyone with pets or small children won’t want to live next to a busy street due to safety concerns. Also, they prefer to avoid hearing cars drive by all day long.
2. Don’t buy the nicest home in the neighborhood. Buying the nicest home in the neighborhood is a nice status symbol, but it’ll be a tough sell once you’re ready to move. Avoid buying the largest home, an over-improved home, or one that just doesn’t fit in style-wise with the surrounding homes. It won’t appreciate at the same rate.
Buying the nicest home in the neighborhood is a nice status symbol, but it’ll be a tough sell once you’re ready to move.
3. Don’t buy a home near major power lines. Many buyers will immediately discount a home that has big power lines hanging somewhere over the property.
4. Look at what’s around the house. For example, I recently sold a home that sat right across the street from a water treatment plant, and a lot of buyers had a problem with this. So before you buy a home, check to see whether it sits next to any commercial or non-traditional buildings.
If you have questions about this or any other real estate topic or you need help finding the right home in our market, don’t hesitate to reach out to me. I’d love to help you.