When purchasing a home there are important things to consider such as how much you need you monthly payments to be per month, and your commute to work for example. It is also important to consider the features and amenities that effect resale as well. Here are some important factors that affect resale values:
- Location - homes that are close to major highways or train stations tend to have a better resale value as make for a convenient commute. Homes located on major roads (double yellow line) however may not be appealing to families with children. These are important factors t consider when purchasing a home
- School District - even if you don't have children, purchasing a home in an area with a reputable school district will help with resale
- Property - level lots and nice backyards help make a property more marketable. Backyards that are somewhat private are qualities that buyers are often looking for!
- Taxes - Homes with extremely high taxes compared to similar homes in the same area can turn off potential buyers.
Your agent can provide you with comparables so that you can compare the home you want to buy with other homes within the area to ensure that if or when if comes time to move, you home is marketable and will allow for the maximum resale value! If you aren't working with an agent already call us today at (914) 275-5988 or email us at email@example.com. Happy House Hunting!!!