How to Buy a Home With Good Resale Value

Purchasing a home is one of the largest investments we make. Thinking into the future, we want to buy a home that we later can sell for a profit. Here's how to find a home with good resale value.

Instructions

Difficulty: Moderate

1. Pass up the homes with swimming pools. Often this lowers the value, or at least narrows the market for potential buyers.
2. Purchase a mid-priced or smaller home for the neighborhood. Buying the most expensive house on the street may hamper the sale later on. Studies show that often the smallest home in the neighborhood has the best resale value.
3. Buy a home with a good, flowing floor plan and multiple bathrooms. Clean, well-planned bathrooms are attractive to today's buyers. Awkward floor plans turn off most buyers.
4. Consider the town, school district and neighborhood before you purchase your home. Some areas are more desirable than others are; prospective buyers look for homes in good areas. They will pay more for safety and a solid school system.
5. Find out how much the property taxes are. Higher property taxes will increase the monthly mortgage payment and lower the value of your home.
6. Count the bedrooms. The average buyer prefers buying a home with at least 3 bedroom.

Tips & Warnings

• Many buyers don't want a fixer-upper. If you want to resell your home quickly, make sure the plumbing, electrical wiring and structure of your home are in top shape.