Archive for the ‘Real Estate’ Category

Buing A Home – Make Sure Your Find One With The Best Resale Value

Thursday, June 17th, 2010

Most homebuyers aren’t too concerned about selling their new home when they’ve just purchased it.  If you were lucky enough to buy one in a desirable location of town, it will be much easier to find home buyers willing to purchase it. This will definitely raise your resale value and you benefit from increased home equity. But if you buy one in a not so popular part of town, the resale value will be lower due to less demand. Let’s check out 3 neighborhood features that can raise the value of your home.

1) Quality of Shopping and Amenities – Communities with lots of retail stores and activities attract more homebuyers to that area. This in turn increases the resale value of homes in that community.

2) Home Size – Be sure to buy a home with a square footage similar to those surrounding it. A larger home located among smaller homes will sell for less than if located in a community of similar large size homes. You may be tempted to buy one because of the increase affordability, but be aware the tradeoff is your home will not appreciate as quickly since most home buyers attracted to that area are searching for smaller sized homes. Homes that are uniquely remodeled and out of character for the community will also have a lower resale value as the property clashes with the uniform styling of other homes next to it.

3) Is The Community A Diamond In The Rough? – Is the neighborhood going downhill or it is starting to show signs of improvement? A good sign is if you see new trendy stores opening up and home buyers investing money to remodel their homes and landscaping. Buying a home during the early redevelopment phases of a community will increase your chances of earning larger profits when you sell. You can also call the local city planning department to see if the community is undergoing a renovation.

You can use these 3 tips to find a great Orange County, CA home with high resale value.  You can check out these Tustin homes for sale by contacting these qualified Tustin Realtors.