While it may be too early to think about selling a home before you even buy it, it’s important to keep in mind that a house is a huge investment. If you buy a home with good resale value, selling it will be easier when the time comes.
If you have set your eyes on a San Francisco home that you plan to buy, look for these signs that will help you to determine if you can expect high returns in your investment come resale time:
- The home is in a sought-after location
- The schools are highly-regarded
- The floor plan works for a wide range of buyers
- One-story homes have great resale potential because of the absence of stairs. They are well-suited to the needs of older buyers and those with physical disabilities.
- It’s easier for families with kids to have all of their bedrooms on the same floor. In this light, homes with a master bedroom on a separate floor may struggle to sell in some markets.
- More buyers will likely prefer three-bedroom houses than two-bedroom homes.
- A majority of buyers will choose an open floor plan with a thoughtful and intelligent flow.
- The neighborhood is considered safe and quiet
- The community has an HOA
The most important factor when it comes to a home’s resale value is location. Purchasing real estate in a desirable and highly established location like San Francisco increases the chances of your home becoming a hot commodity when it hits the market in the future. This is also true for real estate in a thriving neighborhood where home prices are increasing. Your investment will certainly pay off in the long term as the place continues to expand and attract new buyers.
Close proximity to high-ranking public schools and prestigious private schools is very important to a home’s resale value. Even if you don’t have children prior to buying a home, you should pay attention to the quality of nearby schools. Keep in mind that families with school-age children will likely look elsewhere if the home is not zoned for quality schools. Moreover, you’ll also be thanking yourself when you decide to have kids in the future.
Consider the home’s floor plan and its potential impact on resale. Here are a few important features to note:
Buying a home in a high-crime area can make it difficult to recoup your investment in the long run. A home with strong resale value is usually one that’s in a safe and quiet neighborhood away from the din of highways and other sources of noise and activity.
While homeowners’ associations usually come with some irksome restrictions, monotonous meetings, and monthly dues, these can actually be beneficial, especially in the aspect of resale value. That’s because HOAs normally keep the neighborhood in check — from calling your neighbors out for allowing weeds to take over their lawns to parking an RV permanently on the street. These are things you can’t control on your own that might lower your home’s value.
To make sure that your dream house has good resale value, choose your potential investment property from among the San Francisco homes for sale on my listings. I represent some of the finest properties available on the market and I can guide you throughout the home-buying process. Call 415.602.0570 or email amir(dotted)hardy(at)compass(dotted)com to get started.