What are the most valuable features in a home for resale value?

home for resale

Introduction

Before embarking on a home buying journey, most buyers usually have a wish list of the features they want in their home. What is often missing from this list is how much the home will sell when they decide to sell it later. Now you might argue that when you buy a home to live in, you are not necessarily considering the resale price.

Well, I took the point. However, the prospect of selling your home in the future cannot be underestimated. Employment in another city or country, relocation, the desire to upgrade to a larger location are some of the common reasons why people usually sell their home.

1-Good ideas add value.

Paying the Preferred Location Fee (PLC) for this garden or swimming pool view may have a hole in your pocket but will increase the resale value. Aesthetics play a big role in buying a home. However, this may not always be the case. That way, you can research the market for your interests before you invest.

2-Destination planning

If the floor plan of the house is not practical then the above two factors will be useless. Check the different room sizes in the unit plan – bedroom, kitchen, toilet, etc. If the model flat is ready, look for dead spots and see if these spots can be used for any purpose. Adequate lighting and ventilation is also important in the home. After all, everyone wants privacy. Thus, check the joint or joint walls between the two units.

3-Facilities

Adequate parking space, children’s park, open space, etc. are some of the important facilities that can affect the resale value of a house and land packages Officer.

4-Bottom line

Homes with good resale value are those that prefer a wide range of buyers.

It is always a good idea to invest in a home that is more profitable in the future, rather than cheating on more discounts. Remember, not often, developers offer discounts on units that are not sold in a project.

5-Home size and usable space

When estimating the market value of your home, size is an important factor to consider, as a large home can positively affect its value.

6-Home size and usable space

When estimating the market value of your home, size is an important factor to consider, as a large home can positively affect its value.

7-Economic indicators

The wider economy often affects a person’s ability to buy or sell a home, so in a slow economic situation, the housing market may struggle. For example, if employment or wage growth slows down, fewer people may be able to buy a home or move to a new location.

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Conclusion

It’s easier to avoid common home-selling mistakes when you’re aware of the factors that influence your home value. Consider these factors in mind when pricing your home to help attract serious buyers and to prevent long days on market, which ultimately, come at a cost.

 

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