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07.14.2020 / Lifestyles « Back to all articles

Buying a Home? Here's How to Purchase One with Resale Value
Purchasing a home for resale is an investment

Buying with Selling in Mind 

Buying a house is a very exciting experience, and a wise buyer might consider the resale value in the future. This is a very wise way to go about buying a house- things change, jobs change, opportunities arise, and sometimes houses need to be sold.  While it may take a little longer, here are some tips for finding a home with good resale value. 

 

Location 

Picking a prime location is the best way to get resale value. Consider the school systems, even if there are no children in the home at the time, as this is a make-or-break point for many buyers.  Look to see if there are pools and parks nearby that would attract a buyer. Conversely, try to stay away from disreputable parts of town, or areas with noise or noticeable pollution. 

 

Curb Appeal 

As superficial as it might sound, a house that does not look good from the street (or from the online street view!) will not get as many offers as one that does.  The current buyer may not care about that, but most people do.  Find a house that has a nice yard, with fewer trees and better grass.  Be sure the siding and roof are in great condition and try to envision how it could be made up to attract attention. 

 

Lot Size 

This may be less of an issue depending upon the locality, but the lot size matters, and it goes both ways.  Some folks do not want a large yard, they would rather have something small and manageable.  Others are put off by a spot too close to the neighbours.  Find out what people in that locality desire and go from there. 

 

Bedrooms 

In one sense, bedrooms are in the eye of the beholder.  If a room is big enough, it could be a bedroom, but think what will be put on the advertisements in the future.  Picking a house that has more bedrooms for less cash will always be a winner.  At the very least, check to see if there are rooms that could be converted into bedrooms to attract buyers with more people in the household. 

 

Storage Space 

Last, consider storage space.  Lots of closets and maybe a shed will make for an attractive option for most.  Garages are a big winner, as well, as long as they are in good shape.  The same goes for basements – if they are finished.  Some people are fixers and love the thought of making a basement work, but most people want something in turnkey condition.  The more room there is for their personal possessions, the more offers will come pouring in when it’s time to sell. 

09.28.2020 / Borrowing

Should You Refinance Your Home?
Mortgage rates have reached record lows. With the economy now coasting into a recession, it is only natural that you…

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07.14.2020 / Lifestyles « Back to all articles

Buying a Home? Here's How to Purchase One with Resale Value
Purchasing a home for resale is an investment

Buying with Selling in Mind 

Buying a house is a very exciting experience, and a wise buyer might consider the resale value in the future. This is a very wise way to go about buying a house- things change, jobs change, opportunities arise, and sometimes houses need to be sold.  While it may take a little longer, here are some tips for finding a home with good resale value. 

 

Location 

Picking a prime location is the best way to get resale value. Consider the school systems, even if there are no children in the home at the time, as this is a make-or-break point for many buyers.  Look to see if there are pools and parks nearby that would attract a buyer. Conversely, try to stay away from disreputable parts of town, or areas with noise or noticeable pollution. 

 

Curb Appeal 

As superficial as it might sound, a house that does not look good from the street (or from the online street view!) will not get as many offers as one that does.  The current buyer may not care about that, but most people do.  Find a house that has a nice yard, with fewer trees and better grass.  Be sure the siding and roof are in great condition and try to envision how it could be made up to attract attention. 

 

Lot Size 

This may be less of an issue depending upon the locality, but the lot size matters, and it goes both ways.  Some folks do not want a large yard, they would rather have something small and manageable.  Others are put off by a spot too close to the neighbours.  Find out what people in that locality desire and go from there. 

 

Bedrooms 

In one sense, bedrooms are in the eye of the beholder.  If a room is big enough, it could be a bedroom, but think what will be put on the advertisements in the future.  Picking a house that has more bedrooms for less cash will always be a winner.  At the very least, check to see if there are rooms that could be converted into bedrooms to attract buyers with more people in the household. 

 

Storage Space 

Last, consider storage space.  Lots of closets and maybe a shed will make for an attractive option for most.  Garages are a big winner, as well, as long as they are in good shape.  The same goes for basements – if they are finished.  Some people are fixers and love the thought of making a basement work, but most people want something in turnkey condition.  The more room there is for their personal possessions, the more offers will come pouring in when it’s time to sell. 

Need a
Loan?

Loans from $120 to $15,000. Get funded as soon as today!

09.28.2020 / Borrowing

Should You Refinance Your Home?
Mortgage rates have reached record lows. With the economy now coasting into a recession, it is only natural that you…