The idea of reselling the home that you’re just about to buy might sound ridiculous at first, but if you ask your Longmont real estate agent about it, it’s actually a piece of good advice. Think of your home as an investment, and considering its future resale value is one way of protecting this investment.
Keep in mind that you’ll have to sell your house sooner or later, be it due to downsizing or upsizing. Once you do, you don’t want your property to be unattractive or unsellable to future buyers.
Make sure that your home can still appeal to buyers in the future by keeping in mind these factors that will affect its resale value.
Location above anything else
If location has been your top priority in buying a home, chances are other buyers have the same priority in mind. Homes that are in a great neighborhood or close to parks and other amenities are often the features that attract future buyers.
Longmont, for instance, is a good location not only because of its affordable townhouses, but also due to its proximity to top schools and hundreds of dining options. Your new home doesn’t need to check every box when it comes to location, but these factors can greatly help in boosting its resale value.
Number of bedrooms and bathrooms
Homes with one bedroom and bathroom would probably work if you’re living solo or with your partner, though these won’t be as appealing to those who plan on raising a family. For buyers, having more than one bedroom means having potential spaces for a home office, a home gym, or a guest room.
It also helps to have more than one bathroom, especially for families with more than three members. According to experts, adding half a bath equates to a ten percent increase in the home’s resale value—a rate that can go as high as 19 percent if you convert it into a full bath.
An open floor plan
Buyers aren’t much into how big a home is: in fact, a lot of homebuyers are looking to maximize the available living space, and homes with an open floor plan does just that. This layout gives them the perfect opportunity to make the most out of their homes, especially if they are planning to work from home. If your new home has this layout, it can already gain as much as six percent in resale value.
Curb appeal
Curb appeal is what creates the first impression among buyers, and it’s important to make a good one. Future buyers will be quick to judge a house based on the state of its lawn, whether it’s well-groomed or unkempt.
Maintaining a great curb appeal is the deciding factor that will make your home stand out from the rest. Homes that have high curb appeal are able to sell for an average of seven percent more than similar houses with a less-than-stellar exterior.
Let the professionals help!
The best way to make sure your new home retains a good resale value, in the long run, is to work with a Longmont real estate agent. This is where we come in. The Noel & Martinez Team has years of experience in the real estate market in Colorado, and we can help you find properties that have high resale value.
