3 Factors That Affect The Resale Value Of Your Home

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Often homebuyers navigating the real estate market tend to focus on the factors that suit their current needs and their foreseeable needs for the duration at the property. As a result, many overlook the home’s future resale value, which can be a big mistake when it comes time to resell.

The property’s location, size, layout, and condition all influence whether the home is a good investment, or whether you will have resale problems later on.

Here are a few things you might want to consider that will affect a home’s resale value down the road…

#1 - The Neighborhood

Location influences the value of real estate more than anything else. Homes in a desirable area will attract a larger pool of buyers, and competing buyers typically push prices up. And this is exactly what you want when you put the house up for sale in the future!

#2 - The Layout

Regardless of the square footage of the house, the configuration of the rooms plays an important role in establishing resale value. For example, bedrooms and bathrooms with poor layout or functionality could negatively impact the property’s value. Also, kitchens with an open floor plan are generally more desirable than ones with a closed layout.

#3 - The Upgrades

Some upgrades, renovations, and improvements can instantly boost a home’s equity.

For example, quick kitchen fixes will typically increase the value of your home, like replacing cabinet doors or adding new sinks and faucets. So will adding a home office or an extra bedroom.

#4 - The Schools

Even if you don’t have school-aged children, there’s a good chance a future buyer might – and guess what every single buyer with kids cares about? The quality of the schools. That’s why homes located in good school districts rarely decline in value.

#5 - The Landmarks

Homes with stunning views of the oceans, lakes, and mountains typically yield a higher resale value than homes without these amenities. When thinking about the resale value of your home, always consider the landmarks. Even if you don’t have a waterfront property, you can still feature valuable landmarks that buyers care about, so include things like proximity to parks, schools, shopping, or dining instead!

If you’re thinking about making a move (or know someone who is), I can help! Just reply to this email or send me a text. No pressure, no sales tactics, just helpful advice and the guidance you need!

And finally, if you’re not thinking about making a move just yet, feel free to save this email for future reference so you can come back to it!

P.S. Be sure to check out my free local Facebook Group, Explore NY Life. It’s a great place to connect with other community members and get weekly updates on the best events and happenings in and around town!

Nina Rodriguez

Nina Rodriguez

I'm Nina Rodriguez. I am a Realtor at Coldwell Banker Realty. I live and work in the Hudson Valley and love everything this area has to offer. If you live or thinking about moving here, you have come to the right place! Stay up to date on Events, Outdoors, Real Estate, and more. I’m looking forward to connecting with you soon! See you around town! hello@thehvlife.com | 914.685.8222
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