If you’re like most people, you know that even if you’re buying your “forever” home, you should look for something that has a good resale value. That’s because someday, your circumstances might change… and if they do, you want to get as much money as possible back out of the house.
Remember, though, that a good resale value can’t be guaranteed. Instead, you should look for homes that meet all the right criteria. That includes looking for a house that:
- Falls under a homeowners association
- Is close to local amenities, like dining and shopping
- Is assigned to highly rated schools
- Features a family-friendly floor plan
How Can You Tell if the Home You Want Will Have Good Resale Value?
The most important thing in your homebuying decision is that you love the house you make an offer on. However, you still have to look for all the factors listed above – and here’s why.
Buying a Home in a Neighborhood With an HOA
If you can live in a neighborhood that’s covered by homeowners association restrictions, you might want to think about it. Sure, it costs extra to pay HOA dues… but the HOA’s main purpose is to preserve property values. That means you’re not likely to have to watch your neighbor’s yard get overgrown with weeds, see the guy across the street paint a cowboy mural all over the front of his house, or drive past broken-down RVs in the streets on your way home. All of those things would most likely negatively impact the value of your home.
Buying a Home That’s Close to Local Amenities
It’s convenient for you to live in a neighborhood that’s close to local amenities, and your future buyers will think it is, too. When you buy in a well-developed area, as well as one with good infrastructure, you’re more likely to be able to sell it for more than you would if it was more remote.
Buying a Home That’s in a Highly Rated School Zone
Even if you don’t have kids, buying a house in a highly rated school zone can be a smart move. It might not matter to you, but if you sell to a family down the road, the schools might be high on their priority list.
Buying a Home With a Family-Friendly Floor Plan
Like schools, family-friendly floor plans are important. A four-bedroom home with just one bathroom might not be a great choice, for example. And it’s not just about family-friendliness, either; if you buy a home with a quirky floor plan, there’s no guarantee that future buyers will even like or appreciate it.
Are You Buying or Selling a Home in Orlando?
If you’re looking for a new home in Orlando or one of the surrounding communities, check out our:
- Apopka homes for sale
- Baldwin Park homes for sale
- College Park homes for sale
- Colonialtown homes for sale
- Phillips homes for sale
- Longwood homes for sale
- Orlando homes for sale
- Oviedo homes for sale
- Windermere homes for sale
- Winter Garden homes for sale
- Winter Park homes for sale
If you’re selling your home in Orlando, we can help – we know how to market it to all the right buyers so you can sell it quickly and at the right price.
Call us at 407-529-4621 right now to learn about our premium property marketing services and how we’ll put them to work for you.