Discover Home Resale Value before You Buy -- RealEstate.com Will Show You How
Before you purchase a new home, make sure to do you homework on the home's resale value. Read more to learn more.
Charlotte, NC (PRWEB) July 28, 2007 -- Most buyers fall in love with a new home and envision their families spending years making memories together. The last thing they're thinking of is what will happen when they sell months, years or decades down the road. No need to live in fear but it is important to consider resale value when looking to purchase a new home.
RealEstate.com suggests the following ways that affect the resale value of a home:
| | - Look for a home with curb appeal that makes a good first impression. That means a well-kept lot with large, healthy mature trees. Not only do REALTORS® say that curb appeal can increase a home's value by up to 10 percent but, it's also key to selling a house. After all, it's what gets buyers past your front door.
- Contemporary kitchens and updated bathrooms -- especially master bath suites -- will usually have the greatest positive effect on resale value. New appliances are also a big draw.
- The bigger the closets and storage areas, the better. Buyers today expect spacious walk-in closets rather than cramped ones that are hard to access.
- Unless you're willing to renovate and move walls (which can be both pricey and messy), choose a home with a natural-flowing floor plan. Even the best decorating in the world won't improve a bad floor plan. While layout preferences vary from region to region, most buyers like a large separation between the master bedroom and secondary bedrooms; a central area where living, family dining and kitchen areas flow together; and a main or second-floor family room.
- Most REALTORS® agree that three-bedroom homes are the best sellers because they appeal to the widest market segment. Floor plans with four or more bedrooms have obvious appeal to larger families but don't necessarily help you sell a home sell faster.
- Most buyers don't want a fixer-upper or a home with a leaky basement or roof. Even if the price is low, keep your distance from needy properties unless you are very handy or estimate the cost of the repairs to be so low that you are able to make your money back when you sell down the road.
- Be wary of wiring and plumbing systems that don't work properly or meet current standards. (A home inspection will tell you of these conditions.) Not only do malfunctioning systems risk your own safety, but they are particularly expensive to repair and thus might scare potential buyers away.
- Stay away from homes with swimming pools or elaborate landscaping. While you might love a dip in the pool or tending garden, keep in mind that the next owner must love those things as well in order to buy your home. That already limits your home's sale to a smaller universe of people, as most buyers will be intimidated by the maintenance on a large garden or pool.
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For more information on how you can improve a home's resale value, visit the RealEstate.com Tips and Tools section located at www.RealEstate.com.
About RealEstate.com
RealEstate.com helps give consumers an advantage during their home buying or selling journey, from the early stages of dreaming through the final stages of moving. The site uses a proprietary, turbo-charged home listings "engine" with access to more than two million listings in order to bring clarity to the chaos. In addition, a robust "Tips and Tools" section provides helpful advice, checklists and guides, all in an effort to help users navigate the process. Together, this comprehensive set of tools, content, listings and services have come together to help consumers "Get the knowledge. Get the edge.™"
Headquartered in Charlotte, North Carolina, RealEstate.com is an operating company of IAC. RealEstate.com also owns or operates iNest, Domania and RealEstate.com, REALTORS®.
REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
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