When buying a house, resell value is the first thing you think of. Even if you are buying the house because you want to stay there during your retirement, it is important as well to think of the value. Now people do consider the resell value of a house before they purchase. House sellers always hope to get more money for their properties but to establish a value for these properties is a problem that most are trying to figure out. Potential buyers are always thinking of the resell potential of the house they are about purchasing. Today, being a seller much is entail of you to increase the resell value of your home. Below are some elements that can increase the reselling value of a home:
In as much as renovating a house add value to its reselling potential, the location of the house has a vital role to play also. This is because if a house is located in a community or an area that is careless and dangerous then no matter the level of renovation, the rate of reselling the house will be very low. In this sense, the location of a house is influenced by factors such as the availability and prices of nearby businesses, availability of schools and their quality, and finally by the community in which the house is located in. Most buyers nowadays are highly concern with the community and they want to know whether the community that they are buying a house in has a strong sense of humor. Sometimes the buyers even focus more on the activities around the community and some establishments like schools, church, market etc. instead of the house they are buying. Also, they prefer a community that they can easily move around peacefully even without a car and at night without any harm coming to them. Also, if the house is located in a community that is noted for negative aspects or the house itself having some negative events in the past, its reselling value drop since this will act as a discouraging factor to most potential buyers. Today, everyone is aware of the occurrence of natural hazards, increase in crimes, with their consequences and so will not like to live in an environment like this since they wouldn’t like to be a victim.
A home that is clean and sparkly always attract buyers. When you cultivate the habit of always keeping your home clean, when it is time to sell the house you don’t stress that much to clean the house again. It will also be good if you can hire cleaners who are professionals to take good care of the house by removing every dirt.The shape of the house need to be good and safe for the buyers. Focusing on the cleanliness of the inner parts of the house and leaving the surrounding dirty scare away potential buyers. Therefore, to increase the resell value of a home, the surrounding of the house need to be very clean in order to create a good first impression.
Size and design
Gone are those days, were people use to go for big mansion since they realized that more is needed in terms of renovation of the house. Now buyers want a house that they can easily take care of. When a house is very big and with no design, it scares the buyers but a nice house with a good design often attract buyers. However, talking of a small house does not mean that the bed rooms should be very small. The values of a house also depend on the sizes and the number of bedrooms that are found in that house. You might have a house with fewer bedrooms that are big enough and this might increase the value of the house.
Renovating a house is one of the way that can be used to increase the resell value of the house but the issue is always the particular area where the money should be spent to increase the value. However, renovation is done base on planning which is governed by the budget you have and the physical condition of the house. In a situation where you have a limited budget, you should renovate the house consistently to avoid a damage that will require larger amount of money.
Moreover, instead of spending much money on one room, it will be good if you can do slight renovation of all the rooms. Neglecting a room is not ideal but all the rooms should have good design and should be identical to each other. Take note of all the things that need renovation and make a list for each. After the renovation of the rooms, cross check on the list to make sure that everything in the list has been done.
When renovating the kitchen, be careful because it is the most expensive room in the house and the resell value of the house highly depends on it. That is, the kitchen has the potential to increase or drop the resell value of the house, so every design should be chosen with care.
In the course of renovating, stick to design that are current because what you like might not be what majority of the buyers wants. However, it is always good to plan your home renovation before you venture into it since you will not like to live a room, for example the kitchen unfinished because of lack of finance.
To get a high purchase for your home you must always keep these elements in mind, while working with certified inspectors.