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How to Tell if a Home has Good Resale Value Main Photo

How to Tell if a Home has Good Resale Value

Make Sure You Are Making the Right Investment
Posted: May 19, 2020 by Jessica Wimberly

Most people never think about selling a home before they buy it.

The average home buyer will purchase based on an emotion, a memory, or even an impulse. They can live in the house for years and be completely happy, but issues may arise when they try to sell the home down the road. This is when they discover that others see the home's fanciful features as a fatal flaw. 

Markets are constantly changing, but it's so important to check out the ways that you can tell if a home is going to have resale potential:

1. Great Schools

A home located in a good school district rarely loses value. All parents want their children to go to the best schools. Even if you don't have kids, buying a home in a great school district will ensure that there's always a demand for your house when you try to sell. 

2. Location

This is the number one rule of real estate. Generally speaking, most buyers want a home that is centrally located to parks, shopping, and amazing restaurants. 

Buyers also like views of the river, lakes, and golf courses. They like cul-de-sacs, safe neighborhoods, and considerate neighbors. 

If you have a choice between choosing a home that has an amazing view versus an identical floor plan that doesn't - always opt for the former because it will have greater resale value than the latter. 

3. Consider the Flow

The structure of the home iteself can have a mjor impact on its resale value. For example, single-story homes are in much higher demand because people can live in a home forever if it doesn't have stairs. 

Single story homes are also cheaper to heat and cool. Homes with a pool are generally more desireable than a home without. And many eastern cultures practice feng shui, which demands a higher value for those that face East. 

So what happens if you don't have a good agent?

Browsing homes online can only take you so far, you need the guidance from a good real estate agent to stay practical. Your Coldwell Banker Gosslee agent can help you make a good investment in your future home and help you purcahse something in high demand if you decide to sell in the future. 

At this point, you may be convinced that you may need some guidance around the area of buying a home that has good resale value. But you may also be thinking that you have no idea where to start. 

If you're thinking about making a move, one of our experienced agents can help you though the process. Just give us a call! 

Bossier City Office (318) 747-5411
Shreveport Office (318) 861-2461

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