When buying a new home, it is easy to neglect the fact that your home should sell for more than you paid for it. Many buyers only focus on finding a home that suits their needs and neglect, considering home resale value.
If you focus on purchasing a home with a good resale value, it will be much easier to sell when the time comes to put it on the market. The following factors are worth considering when you are buying a new home to make sure you get the best value in the long term.
Real estate agents are always quoting the mantra “location, location, location.” If you end up with a home that is in a desirable location, when it comes time to sell, you will attract a larger pool of buyers.
On the other hand, if the location is undesirable, your selling price may be much lower than houses in other more desirable areas. With that in mind, you are most likely to have a smaller pool of potential buyers.
When considering the location, it is not always possible to anticipate all of the factors that will impact resale value, but it is worth trying. Future changes are impossible to predict, but educating yourself about the possibilities will save you a headache should something arise.
What you should look for
There are several decent indicators other than a location that can tip you off to a home with good resale value. Here are some standard features that buyers look for when buying a new home:
If you are located in a neighborhood where most houses have only two bedrooms, this will not be as important; however, it can be a big drawback since buyers prefer houses with more rooms. Many buyers are looking for a home with at least three bedrooms, so it is a good idea to keep that in mind when house hunting.
Some buyers, especially smaller families, will still purchase a home with only one bath, but it will come at a much lower asking price. If a buyer is presented with the choice between a two-bath or one-bath home, buyers will always opt for more bathrooms. Additionally, it is not enough to only have two baths. A house that is lacking a master bathroom will have a lower resale value as well.
Adequate Family Space
Most potential buyers are looking for a home with adequate family space. A living room or room where people can congregate or play is necessary. Buyers are looking for that extra room for hosting or entertaining as well. The more family space, the higher the resale value.
Livable Floor Plan
Lastly, houses need to have an open floor plan with good flow. No buyer is looking for a closed in or chopped up space. Most prefer natural lighting, public spaces and connect satellite rooms. Most families also do not want too many separations between the bedrooms.
If you are looking for Scottsdale houses for sale or houses for sale in Mesa, the best Scottsdale realtors are ready to help you find a home with excellent resale value.