Charlotte Homebuyer Q & A – How Do You Find a Charlotte Home with Good Resale Value?

When you find a Charlotte home with a good resale value, it will be easier to sell when the time comes. However, many homebuyers forget to consider resale value when they buy, only considering whether the house meets their needs at that particular moment. This can come back to haunt them years later when they are struggling to sell the home for a good price.

It may seem odd to be thinking about selling a home that you don’t even own yet. However, chances are good that you will need to sell the home at some point, so you will want to own a property that will increase in value and will appeal to a wide range of buyers.

Choose The Best Location

The old real estate cliché goes that you should look for “location, location, location” but, it’s absolutely true and always will be. You can change a lot of things about a home, but its location is not one of them. If you want to be sure that the home that you purchase offers good resale value, look for a neighborhood that has been popular for quite some time and has a lot to offer its residents. Or, look for a location that is shifting from residential to commercial and you might find that the house has an increase in value later. We are also finding that ‘cookie-cutter’ communities (where all of the homes look exactly alike architecturally) are not appreciating well in our area.

Features To Avoid

There are certain home features that are considered ‘outdated’ and can make a home more difficult to sell. For example, one bathroom homes, unless they are in the inner-city (hotter selling areas) do not usually sell as easily or for as much as properties with at least bathrooms. Also, outdated bathrooms and kitchen fixtures can be a negative. It is possible to change these negative features by renovating but, you have to factor in the costs of the renovations with the cost of the home and how much your changes will increase the home value.

Also, don’t forget to look at the outside features of the property as well. Pay attention to the shape and the size of the lot. It should be level and rectangle, as odd shaped lots can be more difficult to resell.

If you are not sure and want some guidance on which Charlotte home will have the highest resale value, you can always seek advice from the Realtor® of choice in your area. You can contact me at SavvyBroker@me.com or phone me at (704) 491-3310.