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Tips for House Hunting With Resale in Mind
Post Your Comments Published by Patrick Warholic on March 5, 2007 at 5:39 PM.
When looking for a home you probably have a checklist of characteristics that are important to you. However, if you know you are going to be a short-term homeowner here are some special considerations to keep in mind for good resale potential:
House Size — Don’t buy the largest model in the neighborhood. If most of the houses near yours are smaller than your house, they can act as a drag on appreciation. On the other hand, if you buy a small or medium house for the neighborhood, the larger homes can pull up your value.
Prime Neighborhoods — Buying what you need in a more prestigious neighborhood may provide more financial reward that getting what you want in a less desirable neighborhood.
Public Transportation — Even though you many not use them, consider accessibility to public transportation, as well as distance to a major airport.
The Commute — Check the morning and afternoon commute time by driving the major commute routes and to schools and shopping areas.
Schools — Log on to the local school districts website and check out how the schools in the area rank, even if you don’t have school-aged children.
Bedrooms and Bathrooms — three and four bedroom houses are the most popular among home buyers, so if you can stick in that range you will have more potential buyers when it comes time to resell. There should always be at least two bathrooms in a house, or at least the potential
to insert a second one.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
House Size — Don’t buy the largest model in the neighborhood. If most of the houses near yours are smaller than your house, they can act as a drag on appreciation. On the other hand, if you buy a small or medium house for the neighborhood, the larger homes can pull up your value.
Prime Neighborhoods — Buying what you need in a more prestigious neighborhood may provide more financial reward that getting what you want in a less desirable neighborhood.
Public Transportation — Even though you many not use them, consider accessibility to public transportation, as well as distance to a major airport.
The Commute — Check the morning and afternoon commute time by driving the major commute routes and to schools and shopping areas.
Schools — Log on to the local school districts website and check out how the schools in the area rank, even if you don’t have school-aged children.
Bedrooms and Bathrooms — three and four bedroom houses are the most popular among home buyers, so if you can stick in that range you will have more potential buyers when it comes time to resell. There should always be at least two bathrooms in a house, or at least the potential
to insert a second one.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS Home and property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Labels: Buying, Homes, Informational, Properties, Real_Estate, Selling, Tips
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