Focus on Resale Value when Home Buying 

October 17, 2022


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When you’re house hunting, it’s important to think about the future and how easy (or difficult) your home will be to resell. After all, your home is likely the biggest investment you’ll ever make, so you want to be sure you’re making a smart investment. Here are a few things to keep in mind as you search for your dream home with resale value in mind.

Buyers are always looking for a good deal, so if there are any red flags when purchasing your home (e.g., needed repairs, poor condition of surrounding homes, school districts, construction), this could deter future buyers and, as a result, limit your resale options. Paying attention to these details now could save you a lot of headaches later down the road. 

Look for areas where there is potential for growth and expansion. This could mean anything from a up-and-coming neighborhood to a home with some extra space that can be easily converted into additional living space or an in-law suite. Also, focus on construction and future projects. Are any new developments coming to the area that could have a positive or negative affect on the home? Does the field in the backyard have plans to be a new neighborhood in the next few years? Do your research about the area- especially since Columbus is booming with new developments/projects everywhere! 

Finally, don’t forget to consider proximity to: amenities, highly rated schools, and major commuter routes. They will all play a role in how quickly your home sells and for how much. Weigh all of these factors carefully before making an offer on a home to ensure you’re getting the best return on investment. 

When it comes time to buy a house, it’s important to think about more than just the here and now – you also need to consider the future. With that in mind, focus on finding a home with good resale value. Pay attention to any red flags that could deter future buyers, look for areas with potential for growth, and choose a location wisely. By taking these extra steps now, you can be confident you’re making a smart investment that will pay off down the road when you sell your home.

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If real estate doesn't get you excited about your future, then we need to talk!

© rachael gibson 2022 



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