“Choose a home you like, with resale in mind”
Buying Right Top Ten
1. The Fixer in a Great Neighborhood. Buying below neighborhood values because of condition can be a smart move – especially when the cost to improve the home is far less than the gap between its current price and surrounding values.
2. The Dated Home with Good Bones. Outdated, including paint, flooring, lighting and kitchens. May scare some buyers but are relatively inexpensive to update.
3. Homes on Quiet Interior Streets. Location within the neighborhood matters. Interior streets typically have less traffic, less noise, and stronger resale demand.
4. Homes with Functional Floor Plans. Layouts that flow well will appeal to the widest group of buyers and be a better value over time. It is also best if there are fewer steps, stairs, and levels – such as step-down rooms.
5. Homes with Privacy. Private backyards and distance from neighbors can increase desirability and resale appeal.
6. Homes with Good Lot Orientation. Lots with usable outdoor space, good sunlight, and easy backyard access increase lifestyle value and resale appeal.
7. Homes Slightly Below Neighborhood Size or Finish. You can benefit from the value of surrounding homes without paying the same price.
8. Homes with Expandability. Properties with room for additions, ADUs, or remodel potential offer increased value opportunities.
9. Homes with Cosmetic Problems Only. Paint, flooring, landscaping, lighting, and minor upgrades can dramatically improve appearance and value.
10. Builder Owned or Homes Owned by Long-Term Careful Owners. Builders who made improvements for themselves often do it right and with quality. Long-term owners with homes that show pride of ownership are often well maintained structurally even if stylistically outdated.
Extreme fixer in a great neighborhood.
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