Finding a Home with Resale Value
Now that you know you want to buy a home and have found an agent able to help you with this purchase, ideally you will find a home worth more tomorrow than you pay for it today. While there are no guarantees, even in real estate, there are many ways to maximize your potential appreciations and overall return on investment.
Yes, you have heard it time over time, this is likely the most overused term in the real estate world, but what does it mean? The concept is that buying a home that will appeal to buyers in the future means that you will have a higher resale value when that time comes. From which community, to potential changes in the neighborhood, and keeping in mind developments that haven’t yet sprung up. In Las Vegas many people bought homes with a view of the Strip only to have a development come in below them and after a few years have obstructed views from structures and vegetation. A good realtor will help you to understand the future developments and how they may impact, negatively or positively, the location of your home.
Buying a property without much land may impact your ability to resell that property. Likewise a property with an oversized pool, little or no yard around the structure, or over-landscaped properties can impact your ability to recoup costs. Consider what value these items have for you, and how someone else may view them in the future. As modern homes have smaller property sizes, consider also community resources such as a community center or neighborhood pool.
Regardless of your neighborhood, homes will likely vary somewhat in size, number of rooms, and other amenities. This is where bigger isn’t necessarily better. If you buy the largest house of the block the smaller homes may drag the rate of appreciation, but if you buy the smaller or medium sized house for your neighborhood, the larger homes may help boost your rate of appreciation. Remember to buy what you need or look for a smaller home in a better neighborhood as buying what you want or can afford by getting the largest house in a less desirable neighborhood.
The most popular among home buyers are three and four bedroom homes with two or two and a half baths. Unless you need more for your oversized family, sticking within or close to that range will increase your chances of future sell. The average family size hasn’t changed much in the last few decades, so keeping within this range is a fairly safe bet. It is also said that bathrooms help sell homes, so making sure that the master bathroom is well equipped, large and have plenty of organization space will help when resell time comes.
All family live centers around the kitchen. Like the master bathroom, this room will be a big contender when it comes to reselling your home. Larger kitchens are considered better, especially when paired with modern appliances. Having an area to eat in the kitchen, whether at a bar or breakfast nook, will likely gain attention, as will having a separate more formal dining area. Easy access to the family room from the dining room and kitchen is a must, and access to the backyard should be high on the list as well. Note the distance from the garage to the kitchen as well, to make sure that groceries are convenient to bring into the home.
In Las Vegas a swimming pool is a must. Whether you have one on your property or in the community, this is surely a focal point for many home owners around the Las Vegas valley. With safety issues about families with small children have been more publicized, having a gate around the pool is a common way to avoid accidents and hazards, as well as attracting homebuyers at a time of resell.