Buying A Home With A Good Resale Value
by LendingTree Editorial Staff on 2007-09-22
The most important features that help sell a home are the three you hear about all the time: location, location, location. But beyond neighborhood, there are a number of factors that influence resale value.
This is an important consideration. Even if you believe you’ve found your dream home and will never move, chances are you will sell it one day.
Here are some of the home features that help sell a home:
Outside
Real estate agents cite curb appeal as key to selling a house. In fact, it can add 5 to 10 percent to a home’s value. But if a home doesn’t make a good first impression, a stunning interior seldom compensates. So, if a house has curb appeal when you buy it, maintain it, because it will work for prospective buyers, too, when you want to sell.
Unfortunately, it’s difficult to add what many consider the best landscaping feature for resale: very large, healthy, mature trees. A garage is a definite plus for resale, especially if most houses on the street have one, and the rule is the bigger, the better.
Inside
On the inside, the ambiance of the house matters almost as much as how new it is or how well finished individual rooms are. A light, bright feeling appeals to buyers. Look for a home with large windows, good sun exposure, walkouts to a garden and perhaps even a vaulted ceiling in the main room.
The floor plan is a vital consideration for resale. If it is cut up into small spaces with rooms that relate to each other awkwardly, the house will always make a poor impression on prospective buyers, even with superb decorating. Layout preferences vary from region to region and are often related to climate. But some features are universally popular: 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.
Not surprisingly, experts say kitchens and bathrooms are the areas that affect resale value most. The only debate is over which room has the most impact. A contemporary kitchen with new appliances is a big draw. Updated bathrooms, especially a luxurious master suite bath, are also popular.
This is an important consideration. Even if you believe you’ve found your dream home and will never move, chances are you will sell it one day.
Here are some of the home features that help sell a home:
Outside
Real estate agents cite curb appeal as key to selling a house. In fact, it can add 5 to 10 percent to a home’s value. But if a home doesn’t make a good first impression, a stunning interior seldom compensates. So, if a house has curb appeal when you buy it, maintain it, because it will work for prospective buyers, too, when you want to sell.
Unfortunately, it’s difficult to add what many consider the best landscaping feature for resale: very large, healthy, mature trees. A garage is a definite plus for resale, especially if most houses on the street have one, and the rule is the bigger, the better.
Inside
On the inside, the ambiance of the house matters almost as much as how new it is or how well finished individual rooms are. A light, bright feeling appeals to buyers. Look for a home with large windows, good sun exposure, walkouts to a garden and perhaps even a vaulted ceiling in the main room.
The floor plan is a vital consideration for resale. If it is cut up into small spaces with rooms that relate to each other awkwardly, the house will always make a poor impression on prospective buyers, even with superb decorating. Layout preferences vary from region to region and are often related to climate. But some features are universally popular: 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.
Not surprisingly, experts say kitchens and bathrooms are the areas that affect resale value most. The only debate is over which room has the most impact. A contemporary kitchen with new appliances is a big draw. Updated bathrooms, especially a luxurious master suite bath, are also popular.
About The Author: The editorial staff at LendingTree is committed to helping consumers become smarter borrowers. Visit www.lendingtree.com/cec for more information and tips on buying, selling, and financing a home. Copyright 1998-2006, LendingTree, LLC.