Consider Resale Value of a Home When Purchasing

Buying a new home is nobody’s decision but your own...sort of. It’s true, you’ll be the one moving in and enjoying the great view and location but eventually someone else may be taking your place. It’s important to consider the resale value of a home for this reason. You don’t want to make a purchasing decision based solely on what you love about the place, so spend some time considering what future owners may be looking for.

Here are a few items to keep in mind to ensure your home has a high resale value:

Location

This probably goes without saying, but we’re going to say it anyway. When you purchase a new home, be sure to pick a location that will be desirable in 5, 10, or 20 years when you decide to move. If you’re not sure about this, ask your realtor for historical information on the neighborhood.

Yard/Landscape

Although most real estate value is because of what is inside a home, don’t overlook the yard. Look for well-maintained and practical yards that others will be interested in.

Square Footage

In some neighborhoods, bigger is better. In others, no so much. Make sure the home you plan to purchase is similar in size and style to others in the neighborhood to help with resale value.

Number of Bedrooms

Much like the square footage of a home, you don’t want to go overboard with bedrooms. Three or four bedroom homes are most popular, so try sticking to that range unless you need more for your family.

Number of Bathrooms

As a rule of thumb, you need a home with at least two full baths. Four half baths won’t work, so don’t even think about it!

Closet Space

Walk-in closets are very desirable in a home, especially for the master bedroom. Keep this in mind as you are looking for your home. For the rest of the house, make sure there is ample closet space for each bedroom.

Garage Space

Most families are two-car families these days so you should look for a two car garage. Even if you use most of the space for storage, you’ll want to be able to advertise a two car garage when you resell your home.

Did we miss anything that could help with the resale value of a home? Share your best tips here or on our Facebook page!