Thinking of selling anytime soon? STOP…. And read to find out the 3 major factors that could potentially affect the value of your home.
My name is Chris Tertzagian and I am here serving the amazing people of Charleston. Today, I am writing about things that can affect your bottom line when reselling your home.
Homebuyers navigating the real estate market often focus on the factors that
suit their needs today — and for the duration that they live at the property.
Many overlook the home’s future resale value. And this can be a big mistake
when it comes time to resell.
The location of the property, size, layout, and condition all influence whether
the home is a good investment, or whether you will have resale problems later
on. Here are a few things you might want to consider that will affect a home’s
resale value down the road.
1 – THE NEIGHBORHOOD
■ Location influences the value of real estate more than anything else.
Homes in a desirable location will attract a larger pool of buyers, and
competing buyers typically push up prices — And this is exactly what
you want when you put the house up for sale in the future!
2 – LAYOUT AND CONFIGURATION
■ Regardless of the square footage of the house, the configuration of the
rooms plays an important role in establishing resale value. For example,
bedrooms and bathrooms with poor layout or functionality could
negatively impact the value of the property.
3 – ADDITIONS AND RENOVATIONS
■ Studies also show that adding a bedroom puts your home into another
price category as well, so in some areas, if you convert your loft or den, it
can be an instant injection of equity.
■ Quick kitchen fixes, like replacing cabinet doors or adding new sinks
and faucets, will typically increase the value of your home as well.
Consequences if you don’t have a good agent:
Buying a home is the biggest purchase of your life! You need to know you are purchasing a home with good resale. If not, when it comes time to sell you will not make your money from your investment. Having an agent like me, who has 23 years experience in Charleston real estate, can help you make confident and well informed decisions when purchasing your home. I have a vast knowledge and system that can help you find the perfect location with the best amenities that fit your needs. I have a good eye for pointing out the functionality of home. I am a real estate investor and I have a successful Fix & Flip business. I love reconfiguring and designing a home to bring it to its highest and greatest use. I have experience working with contractors to find solutions to increasing the value of your home. I love this creative thought process!
At this point, you may be convinced that you may need some guidance around
the area of increasing the resale value of your home. But you may also be
thinking that you have no idea where to start.
If you’re thinking about making a move, I can help you through the process.
Just send me a message or text me at 843.270.9399 . No pressure, no sales tactics,
just the help and guidance that you need!
Follow me on Instagram @LovingCharlestonLife or on Facebook https://www.facebook.com/LovingCharlestonLife
Thank you! Have a wonderful day!