When you’re in the midst of buying a home, chances are that selling it are far from your mind. The stresses of homebuying are overwhelming enough without the added headache of thinking about whether future homebuyers will be interested in buying your house once it comes time for you to sell. However, it’s always wise to plan ahead and there are certain features that homebuyers are always on the lookout for. Learn about how to make the best investment possible by buying a home with a good resale value in this week’s blog.
Tips for Buying a Home With Good Resale Value
A good location never goes out of style. As the old adage goes: it’s always better to buy a cheap house in an expensive neighborhood than the other way around. While desirability of locations can and does fluctuate, but looking at the long-term stability of the neighborhood and moving trends can be a good indicator. If an area or neighborhood has remained popular for decades, chances are things won’t change any time soon. Is the area improving? Often, residential neighborhoods lack the infrastructure they need to thrive and so signs of development such as grocery stores and retail shopping can indicate that the area is poised for growth.
Who’s buying homes here?
It’s always a good idea to look at the demographics of homeowners in the area you’re interested in. Is it mostly college students, senior citizens, or working professionals? This will let you know the type of buyer who is likely to look at your home in the future. So if you’re looking at a neighborhood that’s popular with the over 60 crowd, perhaps investing in a 4 story rowhome with lots of stairs is not the wisest move. But if the neighborhood is mostly filled with families with young children then that gorgeous rancher with a huge back yard may prove to be a great investment.
Make sure it’s current
Outdated features can lead to a long time on the market. Nowadays, most buyers are looking for homes with more than one bathroom so unless you want to undertake an expensive renovation, maybe skip over any homes that have fewer than 2. Other deterrants include popcorn ceilings, kitchen and bathroom features in outdated color schemes or bad condition, and carpeting (depending on the application as many of today’s homeowners prefer the look and feel of hardwood floors).
Sell Your Maryland Home Quickly with Grays Home Solutions
Consider selling your home with Grays Home Solutions. We’re a home buyer working throughout Maryland and the Tri-state area. Interested in learning more? Use our fast response contact form or call us at 240-347-3141. We’re a free service and we’re here to help.