Want Your Home to Retain Its Value? Be on the Lookout for These Things

By
Real Estate Agent with RE/MAX Associates RS - 0019092

When you buy a home, you want it to retain (and, ideally, grow) its value over time.

But how, exactly, do you determine if a home you’re considering purchasing will deliver a return on investment (ROI)—or lose its value in the coming years?

recent article from realtor.com outlined elements that typically help homes retain their value in the long-term, including:

  • Classic home design. Homes with a classic, niche design style—like a Colonial, Victorian, or American Craftsman—are timeless. Thanks to their unique design, quality, and high-end craftsmanship, these types of homes are more likely to retain their value over time (particularly when compared to more “cookie cutter” homes).

Ranch House 1974 - Shabby Paints

 

  • A single-story layout. Whether because of age, accessibility issues, or preference, some people can’t or don’t want to live in a home with stairs—and will pass on an otherwise great home if it has multiple stories. As such, homes with a single-story layout appeal to a large portion of buyers, which can help the home retain its value when it’s time to sell.

 

 

  • HOA membership. Neighborhoods with a homeowners’ association (HOA) are often extremely well maintained and landscaped. And because these neighborhoods are so well taken care of, homes within the neighborhood are generally in high demand, which can help the property retain its value.

 

 

 


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Comments (2)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Bill

Nov 16, 2022 10:38 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Nov 17, 2022 02:40 AM