Friday, May 29, 2009
Buying a House With A Good Resale Value
It's one of our biggest investments and some of us are doing it
more than once during our life. Like many things in our life
that have changed dramatically, so did our habitation practices.
Most of us don't stay in one house for the full duration of our
lives as it used to be for many people in previous generations.
Our modern dynamic life style and economy, calls for
flexibility, mobility and frequent changes, People are following
their jobs and careers even if it means moving from one side of
the nation to the other.
This tendency is in line with our culture of consuming society.
We replace everything faster, we treat cloths, cars (some just
lease), refrigerators and our dwellings like fashion items with
short longevity.
When we decide to buy a house we need to think in terms of sort
to medium range periods of time and that should bring us to
consider the resale value of our home in the future.
Buying a home with good resale value might take a little longer,
and it might take a bit more work on your part, but you'll love
the payback later, when it sells quickly and puts extra money in
your bank account.
The first consideration should be your family needs but it's
cleaver to keep an open mind about what might suite future
buyers as well.
The most important three factors are: location, location and
location... :-) Indeed, it's first thing to consider when
looking for a home. So, what makes a good location?
There are some general elements which are obvious like:
- Does the neighborhood have easy and fast access to the
schools, shopping centers and country club.
- It's wise to pick a house that is located relatively elevated
above the area, that can provide two advantages: a flow of good
air and a nicer view.
- How many neighbors are adjacent to you and/or across you in
proximity, off course the less the better.
- A house located at the end of the street will suffer less
noises from the neighbors and their guests. If the street is a
dead end it's even better. A corner house may have more light
and air.
- The positioning of the house towards the north if it's a warm
area as opposed to the south in cold areas. In general, a rule
of thumb and this one is general and found right to many
locations around the world, as strange as it may sound, the
northern neighborhoods are usually more desirable than the
southern ones exactly as the western ones are more prestigious
than the eastern ones.
- The size of the lot, its shape and the square footage of the
house itself. If the majority of buyers in your area are young
families with children, consider a house with a large yard
that's not fronted by a busy street.
- There are many other environmental aspects to consider with
respect to personal preference like a green agricultural area
vs. urban area, quality of schools and other social services and
facilities. In addition to these external considerations there
are many important internal elements that can make a house
quality higher and buyers are always looking for, such as:
- Closets, lots of closets and with as much additional storage
space as possible.
- Light and bright - Homes with lots of natural lighting are
very popular.
- Split bedroom plans, with bedrooms on each end of the home,
are increasingly popular with buyers.
- If you live in a scenic area, having a view can help you sell.
- Plenty of bedrooms, baths and Rest rooms.
- Large and convenient kitchen with as many cabinets and cooking
space as possible.
- The tendency to work from home calls for a suitable room to be
set as a home office.
- Laundry and dryer machines located at the same level as the
bad rooms.
- A spacious basement is a plus.
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