Posted on: 10 June 2016
If you are on the market for homes for sale that will be a good investment, there are a few features that might make a home more valuable in the future. Houses on the market should be looked at as both a home and a long-term investment. Here are four things you might want to keep an eye out in your home search that might prove to bring a potential return on investment in the future.
1. Superficial Fixer Uppers
If you find a home that might have accents such as dated appliances and wood panelling throughout, this can be enough to scare away other potential buyers. If you can see past a dated home that actually has good bones, a few superficial upgrades can dramatically change the look and value of a home. Whether your hope is to fix up a home for yourself or to resell quickly, opting for a home that needs minor repairs that will yield major returns is worth the time and effort.
2. Possible Rental Properties Attached
If you are looking at homes that may have detached buildings or separate built-out basements, there is a chance these can be used as secondary income properties. It is important to do some research if these are zoned as rentals at the moment and what it would take to upgrade separate space to rent. This can make a home worth more while you are living in it and when selling down the line.
3. Up-and-Coming Neighborhoods
Real estate agents may have a good handle on neighborhoods that are growing rapidly, but you can also get a sense by visiting these areas as well. If a once industrial area now seems to have more residential dwellers, coffee shops, and commute options, this might be worth the investment now. If new museums, schools, or other attractions are in the works, this can be a surefire sign that there will be both commercial and residential growth, leading to higher property values.
4. Homes in an Urban Setting
You really can't ever go wrong with buying properties in an urban setting. Areas like New York City and the San Francisco Bay Area are always growing and are full of properties tend to hold their value or even increase steadily over the years. While initial pricing may be set at a higher rate than other parts of the country, these housing markets tend to stay stable even when the rest of the country might fluctuate.
While you can't predict the housing market and this can have fluctuations, there are strategies you can put in place in your home search. Be strategic in your home search and do your best to ensure that your home's value won't hurt you down the line. To learn more, visit a website like http://www.adamscameron.com.Share