Typically when you buy a home, the last thing on your mind is selling that home. But it should be something you are thinking about because there is no worse feeling than buying a home that is difficult to sell. Here are a few factors to take into consideration to help you buy a house that you can sell!
This should come as no surprise since we all know that location is so important in real estate. When considering the resale value of homes in your area, consider factors like schools, public transportation, amenities, and access to major roadways. Look at those things today and how they are expected to change in the future. This is especially important if you are buying in a newer area or an area that is expected to undergo major changes. A quick online search, a chat with your local MLA, and information from your Realtor can all help you to assess how the area is expected to change in the next few years.
All the beautiful window coverings in the world will not help if the sightlines from your house are unsightly. While you do not need to have a million dollar mountain view to sell your home, keep in mind that views including things like parking lots, industrial areas, strip malls, or major highways might impede the resale value of your home.
Two of the most important factors to consider when reviewing the layout of a home for resale are the number of bedrooms and the number of bathrooms. Traditionally, homes with 2 or more bedrooms and at least one and a half bathrooms are more desirable than homes with one bedroom and one bathroom. A home that also has a master ensuite will typically be easier to sell than one without.
If you are buying an older home, a lack of storage space may affect resale value. Buyers do not want to worry about innovating storage solutions, they want ample sized closets and pantries that are accessible and functional.
Ensure that the home you are buying has adequate parking, both designated to the home and in the surrounding area. Most households have multiple vehicles and Buyers may not want to deal with parking on the street, especially during the winter months.
Curb appeal and maintenance
A home with good curb appeal will always do well when it comes time to sell. The caveat here is to ensure that the curb appeal does not translate to a great deal of maintenance. Most Buyers are looking for homes with an exterior that is attractive and relatively easy to maintain. When assessing curb appeal potential, take into account other factors such as the lot size and condition. Buyers traditionally prefer evenly graded rectangle shaped lots.
Of course, there are many additional factors that can affect the resale value of your home such as interior finishing, home staging, appliances, and other popular features or upgrades. Those are things that can easily be improved over time. The above-mentioned factors are not easily changed and are thus deserving of your attention as you shop for a home. Good luck with buying and selling your next home!