Selling In 2022? Find Out What Affects The Resale Value Of A Home

Owning a home is an accomplishment and part of the American dream. Many times where we live reflects our stage in life. A promotion may lead to a spot in the city close to work. Welcoming a new baby to the family might mean a larger home in the suburbs. Those retiring could choose to downsize. Whatever the situation, when selling, knowing what affects the resale value of a home is a must. 

Tip Top Shape – 

First impressions are crucial when selling a home. Peeling paint, untidy bedrooms, and clutter can turn a buyer off. Make sure you get a fair rate of return on your investment by cleaning and tackling any problem areas before the house goes on the market.

Remember the Exterior –

Curb appeal goes a long way when selling a property. Mow the lawn, clean out & mulch the beds, and power wash to show your home in its best light. You can also consider sprucing up the porch or stoop with fresh flowers.

Keep It Neutral –

Some may decorate their living spaces with graphic wallpaper or paint it the latest color. But, will potential buyers be able to envision themselves living in these spaces?  Keep your decorating choices neutral to interest as many visitors as possible.

Make Space –

Clear out cabinets, closets, and storage areas to let buyers know how spacious they are. Pack away those extra towels, fancy plates, and holiday decorations. Storing your belongings will allow interested parties the options your home has to offer.

Location –

We hear it all the time in real estate – Location, Location, Location. These words ring true today because of the individual needs of a buyer. Will your location affect the resale of your home? It boils down to what people are looking for:  school system, parks, walkability, amenities, or living near family. Your particular location desirability can hold more sway based on the buyer’s criteria.

Pricing –

We all have an emotional connection to our homes. Pricing may often seem low to the sellers. Agreeing on an amount based on how other homes in the neighborhood are selling is an industry-standard. Pricing your home correctly from the beginning can equal more showings and less time on the market.

Safety –

Safety is a top priority of all home buyers. Comparing your neighborhood with other top contenders can determine the fair rate of return on your investment. Utilize online tools to determine the safety rating of your community.

We hope you now have more information on what affects the resale value of a home. We wish you good luck and multiple offers when selling your house!

Cleveland Bricks has single-family properties and townhomes in some of the city’s most desired areas. Find the home of your dreams by contacting us today!