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C&G’s Guide: Does Your House Have Good Resale Value?
It’s always a good idea to stay updated with your property’s worth, regardless of your future real estate plans. How can you tell if a house has good resale value? There are many factors that contribute to this, which we outline in this latest C&G blog. Read on!
What is the location like?
Location is one of the most effective selling points! If you want your home to appeal to families, you will have to assess the safety of your neighbourhood and its proximity to schools and childcare facilities. On the other hand, working couples may prefer easy access to public transport or amenities such as shopping districts and nightlife. If your home is within close or walking distance to these destinations, it will be highly sought after!
Do you have good curb appeal?
When it comes to real estate, first impressions matter. Curb appeal refers to the street view of your house, which is the basis from which your potential buyers will form their judgement. Ensure your front lawn is looking its best and your home’s exteriors are well-maintained. This may involve some garden maintenance or a fresh coat of paint.
How many rooms?
Your home’s value will skyrocket if you have spacious living zones with plenty of bedrooms and bathrooms attached. More than one bathroom means your family avoids queuing when they get ready in the morning. Kitchens and dining spaces also receive lots of attention during open inspections, and you’ll win bonus points if you’ve recently invested in renovations or upgrades. Buyers will love modern finishes and utilities, as it suggests the house is well cared for and in great condition!
What’s the storage situation?
Many potential buyers will consider storage capacity during an inspection. If you are appealing to families, creative storage solutions that hide clutter are a must! In addition to clothing and homewares, they will need space to store sporting equipment, books and toys among other things! If you are planning a renovation, always consider how you can implement new storage options and optimise your space.
Chisholm & Gamon have years of experience working with residential sales, and would be happy to answer your questions. We can also conduct obligation-free market appraisals to determine your asset’s market value and inform your next steps. Reach out today!