Factors That Influence Your Home’s Resale Value

Resale value

Changing from a home buyer to a home seller can mean an increase or a decrease in your home’s resale value.

You just bought your first home and everything is perfect. When suddenly, you have a great job offer in another state. You now have to sell your home and you have 30 days to do it. Since you bought your home, the market has seen many rises and falls. So what does this mean for your home? There are a lot of factors that could influence your home’s resale value. Let’s take a look at some of them!

Size of Your Home

People used to seek out large homes with bedrooms to spare and space galore. But with people working more and families devoting time and energy to school activities, people just do not have time to clean a large home. More and more people are seeking out smaller homes in order to maintain them more easily.

Layouts are Important

People more than ever are looking for smaller homes with good layouts. One of the most important factors in layouts is an open-concept design. People everywhere are looking for an openness in their homes that can only be achieved with an open concept floorplan. While bedrooms do affect the price of your home, do not think about dividing a larger bedroom into two smaller ones. Buyers are not only looking for multiple bedrooms; they are also looking for spacious ones.

Age and Condition

While buyers love the idea in a historic home, most homeowners also want a new home that is well kept. Both historic and new homes are work more than homes built 20-50 years ago. But condition plays a big factor in the age of the house. People are willing to pay more for a home that is well kept and move-in ready. This doesn’t mean you should overhaul your historic home with ultra-modern amenities and upgrades. Before updating a home, look at the comps in your neighborhood and consider their upgrades. If other homes in your area have chef kitchens, you should update your home to compete with them. When updating your home, be sure to stick to the kitchen and bathrooms where you will get the more money back.

There are many things that affect your home’s resale value. But with a Clagett Enterprises real estate agent, your home will sell for just the right price.

Reselling Your Home with Clagett Enterprises!

At Clagett Enterprises, we have extensive experience serving the greater Frederick area and Western Maryland, since 1987. Our team is a full-service real estate company that’s ready to help you with your real estate needs. Speak with a Clagett professional at 301-665-6009, or request a proposal for preventive maintenance here.

This entry was posted on Sunday, February 7th, 2016 at 8:48 pm. Responses are currently closed, but you can trackback from your own site.