It's never too early to start thinking about selling your house, and many real estate experts say that the best time to start is before you even buy it. If you buy a new home, most likely you will sell it in five, ten or twenty years. While resale may be far from the top of your list of priorities, there are some interesting facts to keep in mind. Some of the attractive features of your new home may be investments that do not pay off when it comes time to sell, and other functions that you are missing now can have a positive effect on the value of your home over time.
When you are looking for a new home, your top priority should still be your own needs and desires, but it cannot harm the "resale value" in the depths of your mind. After all, a home is a huge purchase, and it can be a great investment.
All the features of the house will be especially included in the price. If you do your best to find out the true value of these features, especially their effect on value over the years, you will have a better idea of how much you should pay at the beginning.
Functions that add to your home resale value
A good place
Real estate experts agree that a good place is the biggest factor in adding value to a home. The house must be in a growing community; close to motorways and commercial areas, but not so close that the neighborhood is too noisy or overloaded. It is also a good idea to check the city records for any proposed land use action that will affect the area. The neighborhood can now look peaceful, but the city can plan the thinning of green space to build a new freeway. The planned action of the city could drastically change the value of the house over time, positively or negatively.
Big kitchen
The kitchen is one of the most important rooms in the house. This is a central meeting place and this is a room where you spend a lot of time. Large kitchens that are open, accessible and adjacent to dining and family rooms will greatly enhance the value of your home.
Three or four bedrooms
Bedrooms provide accommodation, private working spaces or additional space for a growing family. As for the resale value of the house, three or four bedrooms are perfect. If the house has five or more bedrooms, make sure that they do not overcharge the price too much. You do not have to pay more for additional numbers, as they will not significantly increase the resale value. In addition, if the house has less than three rooms, your pool of customers will be limited and it may be harder for you to sell in the future.
2.5 Bathrooms
One bathroom in the master bedroom, one shared bathroom and half a guest bathroom are perfect. If there are more than 2.5 bathrooms in the house, make sure that it does not inflate the price, as more bathrooms will do little to increase the resale value. Two bathrooms are also an acceptable number, but less than two can damage the value of the house.
Large, rectangular batch
Most buyers are looking for a fair, rectangular, flat lot. Small yards, odd shapes, or sloping lots will reduce the resale value of the house. There must be enough space in the front and back yards so that the person finds them affordable. A huge plus for decorations or activities.
Wardrobe
A very nice feature is the dressing room for the master bedroom. In addition to the main bedroom, the house should have sufficient space for the closet. The lack of a cabinet can alienate some customers and devalue the value of the house.
Garage for two cars
Depending on the location of the house, the most desirable garage for two cars. If the house is surrounded by other houses with large garages, it is best to consider the size of the larger garage. In general, two is the magic number. More or less may affect home cost in undesirable ways.
Hidden laundry
Laundry must be out of sight so as not to become eyesore, and it must be located on the main floor of the house. Easily accessible laundry can reduce travel times up and down the stairs. Remember that even if uncomfortable laundry is not a problem for you, it can be a problem for your potential buyers, and it can damage your home.
House size against surrounding houses
The size of the house can either increase or decrease its cost, depending on its location. If the house is a large luxury house surrounded by small houses, the surrounding houses will eventually pull in value. On the other hand, if the house is small or medium and it is surrounded by large houses, the cost may increase over time. If you look at the house, compare its value with the values of the surrounding houses, while maintaining the size.
Amazing features that do not add to the original resale value
View
Although a beautiful look at your eyes is easy, it does not greatly affect the value of the house, and it can cost you a lot of money. Compare the price of a house that has a view with another comparable house in an area that has no view. Because of the prospects the price is too high? Most likely, when the time comes to sell, you will not receive additional money from the sale.
Unusual gardening
If you are not impressed by the fantastic landscape, do not pay for it. Landscaping can be a sign of a hobby or an investment made by a previous owner. If you cannot imagine how you will enjoy your landscape design in the future, let the seller know. If it doesn’t interest you and you don’t want to invest as much time and money as the previous owner, landscaping will eventually get worse, and you won’t get money when it comes time to sell.
Swimming pools
Pool houses were very popular a few years ago, but with recent awareness of the statistics on risks and injuries, families with children are coping with them. If you do not want to use the pool for your own recreational use, make sure that you do not pay for it, since you will not see a return on investment.
A few stories
In the past, high-rise buildings were very popular. Recently, the market has made an amazing shift, and now one-story houses are much more desirable. The exceptions are single-story houses, surrounded by high-rise buildings. In most cases, a one-story house will eventually pay off more.
Fireplaces
Although they are quaint and comforting, fireplaces do little to add value to a home. Let the seller know that you are outraged by the fireplace, and you do not see it as an additive feature of the house - at least not the one you are worth paying for.
Home upgrades that increase the resale value of a home
While you are looking for a home, or if you’ve already moved, you can always think about ways to increase your resale value. Here are some tips to consider:
Home improvements
While you are browsing at home, look at any “less desirable” features as an opportunity to make some improvements in the home. Any ideas that you have, from the paint color to the new furniture, can significantly affect the increase in the value of the house. Evaluate your skills or build a relationship with a contractor and view the house from the point of view of a restorer. If the party is sloping, can a new terrace or porch do the trick? If the house has only two bathrooms, can you add a new half bath? Can you turn the disadvantages of a house into an asset?
Repair the kitchen and bathroom
If you check a new home, and the kitchen or bathrooms look unattractive or cramped, consider the cost of renovating these rooms compared to the money saved from buying a home in this condition. Even fixes in their own right, such as new tiles, new cabinets or a new coat of paint, can significantly increase the cost. Keep in mind that most shoppers study the kitchen the most, and the bathrooms close the second, and then the master bedroom. If you see the potential of beauty in these rooms, you can turn this potential into profit.
Remove wallpaper
Most buyers do not like wallpaper. The design is often dated, and buyers do not want to remove it themselves. Here, where you can turn an obstacle into an opportunity. If you are willing to make an effort to remove the wallpaper yourself, you can significantly increase the resale value of the house. When the wallpaper is removed, make sure that the walls are painted in a neutral color, as this allows a wider circle of buyers to essentially project themselves into the house and imagine their life inside their walls.
Your home is your home
Although these facts represent the opinion of many real estate experts, thinking about the resale value of a house is still a mysterious game. You are betting that today's valuable functions will retain their value in the future. There are many proven trends, and it is always good to educate yourself in local markets and in the areas in which you plan to conduct a search. While your house is a big investment, it’s also just a house. You need to find a house in which you can see yourself for many years. Keep these tips in the back of your mind, start searching with confidence and optimism, and when you finally find a new home, these are positive financial investments, as well as investments in the future of you and your family.
