If resale value is important in your search for a new home consider this.
The home buying process can be overwhelming to begin with, and with plenty of choices out there, it may be difficult to narrow your choice down to just one favorite. There are always going to be pros and cons to each property you see. If you’re going to be searching for a new home soon there are a few main features to take into consideration during your search especially if resale value is important to you.
The size of the home in relation to others around it can be a positive or a negative on resale value. If you buy the largest home on the block or in the neighborhood, the smaller homes adjacent to yours can drive the resale value of your property down. On the flip side, buying a smaller home in a neighborhood of larger homes can drive up the value at time of resale.
Most families agree that they spend the most time together in the kitchen. When you are entertaining guests, most of the evening is spent in the kitchen. Our lives are centered around food and our enjoyment of food and drink while in the company of those we love. The kitchen may even be called the most important room in the house. Therefore, generally speaking, homes with larger kitchens are more desirable, especially if they are stacked with modern appliances. Homes with an open floor plan with the kitchen adjacent to the family room are even higher on most wish lists. Additionally, a kitchen with access to the back yard is a huge bonus.
Current home buyers will admit that a three to four bedroom home with at least two and a half baths is the most ideal for growing families. Additionally, a master suite, where the master bedroom has its own bathroom, is expected in a home by a buyer today. Likewise, an expectation of buying a home with three to four bedrooms is that one of the bathrooms is shared between the other bedrooms. Walk-in closets are extremely desirable in the master suite. If the other bedrooms are lacking walk-in closets make sure there is plenty of closet space in the hallway near the bathroom. Speaking of storage, a spacious garage with additional storage space is always a plus at resale and being right off the kitchen so the weekly haul of groceries doesn’t seem that daunting is an often sought after feature.
With resale value in mind during your home search, what specific features did you consider to get the most out of your money? Leave a comment and share this post on Facebook and Twitter.
Emily Schmidt is a Sibcy Cline REALTOR® from Beavercreek, Ohio. She has helped clients in both the Dayton and Cincinnati areas find their dream home and sell their current property. Emily can be reached by phone at 937-409-6337 or by email at [email protected]
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