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6 Factors That Influence Your Home’s Resale Value

1. Location, Location, Location


Location, for obvious reasons, is your strongest factor. For example, quiet location is preferred for a lot of people. A quiet location doesn't just mean it's not noisy but that there is low traffic which is great. Makes for a more relaxed environment and faster commutes.




2. Schools And Childcare


School location and childcare location can often sell a house more quickly than other locations. People love to be close to schools. It not only makes for a short commute, but usually means it's a fairly safe area.




3. A View


Whether is is some type of water, a clear view of the sunset, or a high location looking over treetops. Being able to look out at a beautiful view is a very valuable factor in a home. Contrasting that, windows that give a view of a bright sign or the siding on your neighbors house can really negatively effect the price.




4. You Guessed It. Curb Appeal.


The great thing about curb appeal is that you can control it, and it is very, very important. You don't have to be shallow to want people to pass by and say "Wow that is a nice place" or simply notice your well kept garden. This type of care will maintain a higher resale value. Something to consider with gardens that can be negative is that certain vines and bushes can actually hide the house itself.




5. Your Home’s Systems


It's not an appealing thing when you buy house and have to pay to maintain or replace the heating and cooling system (HVAC), plumbing, water heater, or electrical system. Apparent problems with these items, often the result of deferred maintenance, will take away from the home’s resale value.




6. Roofing


Some homes such as Ranch style homes without high peaks can be relatively cheap. Homes with many different styles, peaks, valleys, and dormer adornments, a new roof will cost quite a bit more. If your roof is looking old and rough it will effect a large amount of your home’s resale value. Home buyers are known to be willing to pay significantly more when the roof was recently replaced. In some cases, a worn roof will prevent the bank from providing financing because it was highlighted in the home inspection as an issue that needed to be fixed.

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