When you are in the market to buy a new home, it is important that you consider the factors which will impact the resale value of the property. It can be quite frustrating to lose money when you are ready to sell the home, but there are a few things that you can consider to protect the resale value of the property. In this article we will discuss Important Factors that Impact the Resale Value of Your Home. Before you buy a home, don’t overlook these things:
Old Style and Finishes
There is a difference between charmingly historic and outdated. If the home has an outdated style, then you need to consider the impact the cupboards, flooring, layout, and other finishes will have on the resale value of your home. Even if the style was trendy 20 years ago when you bought the home, you need to consider that the outdated style will drive potential buyers away unless renovations are done to improve the overall appearance of the property.
Neighboring Homes and Properties
How does the home compare with the other properties in the neighborhood? It is important that the home matches with the other properties in the vicinity, because people don’t like to buy a home that looks out of place. For example, if you have an older home in the middle of many brand-new neighborhoods, then your home will likely look small and outdated compared to the neighbor’s homes. On the other hand, an over-sized home in a cheaper neighborhood can also look out of place, which might drive away potential buyers.
Number of Bedrooms and Bathrooms
Size matters, especially when it comes to bedrooms and bathrooms. All buyers will scrutinize the number of bathrooms and bedrooms in a home, and you might miss the opportunity to connect with potential buyers if you have a lower count in your home. Consider finishing a portion of the basement or making renovations to add an extra bathroom or bedroom. You will be able to enjoy these upgrades, and the value of your home will increase to help you get ready to sell in the future.
Location, Location, Location!
Everyone know that location is a big priority, especially if they are worried about a work commute or accessibility to shopping and local conveniences. But, there are other aspects of location that need to be looked at, such as proximity to a busy road or commercial buildings in the area. Two of the same homes located in different neighborhoods can sell for different prices, because location will impact the appraisal value of the property.
If you are shopping for a home, then you need to be sure that you have a trusted real estate team by your side. At Duffy Realty of Atlanta, we know the Atlanta real estate market, and we can help you find a home that will maintain the resale value over the years. Contact us today to learn more: (678) 318-1700. We hope that you enjoyed this article on Important Factors that Impact the Resale Value of Your Home.