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Unless you plan to stay in a home for the rest of your life, resale value should be a major consideration when purchasing a house. Home-ownership is a huge financial investment and the goal should be to get as much monetary return as possible when you sell.  While you can’t always predict what the future holds for the real estate market, there are some basic guidelines for what kind of properties have good resale value.  Don’t make the error of focusing only on what you want when doing your home search.  Think about the following factors that will affect the resale value:

  1. LOCATION - This should be a primary consideration when looking for a home that will provide a good return on your investment.  A desirable location is likely to remain a hot market for home sales.  Think about the school district you will be in.  Even if you don’t have children in school, a top district will draw many buyers.  Different people will be looking for different things, but most buyers will want basically the same things from the location of their home.  Home Buying: Location Matters
  2. NUMBER OF BEDROOMS - A house with more than two bedrooms will sell faster and for a better price than one with only one or two bedrooms.  Even a couple with no children will want extra space for an office or guestroom (or both).
  3. NUMBER OF BATHROOMS - Buyers will expect to pay much less for a home with only one bathroom.  If people are choosing between a house with one bathroom and one with two, they will almost always be willing to spend a little extra to get that additional restroom.
  4. GATHERING SPACE - Buyers want a large, informal space for relaxing and entertaining family and friends.  You will get more value out of a spacious family room than you will out of a formal living room.  Large Family Room Ideas
  5. STORAGE - These days people have a lot of “stuff” and they need places to put it all.  Storage space, including closets, a pantry and loads of cabinets will improve the odds of getting high bids for your house. 
  6. GARAGE - People who live in suburban areas need places to park their cars.  A covered parking place or two is ideal.
  7. OPEN FLOORPAN - Buyers are looking for homes with open spaces and rooms that flow from one to the next.  A house with an Open Floorplan will improve your chances for a profitable resale.
  8. OVERALL CONDITION - A property that is well-cared for, updated and remodeled will greatly enhance resale value.  Focus on rooms that matter most to buyers - kitchens and bathrooms. Make sure everything is in good working order.  Some people might be looking for a fixer upper, but many buyers are willing to pay a premium for a move-in ready home.

If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all of your real estate needs. Give her a call today at 540-320-1328!

Creating a Kitchen That is Timeless and Functional

by Desi Sowers

Have you been thinking about remodeling your kitchen, but you’re not sure where to start?  Kitchens are important to resale value, so if you’re going to invest money in a remodel, you want to be sure that you end up with a kitchen that will stand the test of time.  So, instead of following fads that are currently popular, stick with classic features that will not only bring you joy, but will entice buyers should you ever sell your home.  Here are some tips for creating a kitchen that is timeless and functional:

  1. Brighten up your kitchen using white as the dominant color. White is the most marketable color and never goes out of style. It is associated with happiness and new beginnings.  It makes small spaces look bigger.  And best of all, it’s easy on the budget due to its availability.
     
  2. Install hardwood flooring. Hardwood floors are popular among buyers.  Hardwood adds warmth and coziness to a home.  It’s great for open floor plans because it flows beautifully from one room to another. It’s durable and long-lasting. And if “going green” is important to you, hardwood is echo friendly.  It’s considered a “green” building material when it has been certified by the Forest Stewardship Council and comes from sustainably managed forests.
     
  3. Choose cabinets that have clean lines, like Shaker style cabinets.  The clean lines of these cabinets will be in style forever. Their beauty is in their simplicity.  They help limit the “busyness” of the kitchen, creating a soothing, peaceful vibe.  They also transition easily should the next homeowner want a change of style.  Whether you want a traditional or contemporary look, these cabinets will work for both.
     
  4. Go with marble countertops; specifically, Carrara Marble.  Carrara marble has been used in homes for centuries.  It looks fantastic in a white kitchen, but also with other colors. It’s affordable and readily available and will last for generations.  You will find some critics who will tell you that it stains easily, but that can be avoided with proper sealing. If you want a truly timeless look, Carrara marble is the way to go.
     
  5. Include smart storage.  If you currently store many of your kitchen supplies in other areas of the home due to lack of storage space, now is the time to change that!  Cabinets that are being made today feature a plethora of storage options including shelves and compartments that unfold, extend, slide and turn.  Have fun and be creative when designing kitchen storage

You will love your new kitchen and future potential buyers will find it irresistible!

YOUR HOME SEARCH STARTS HERE                 FIND OUT WHAT YOUR HOME IS WORTH  

 

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Photo of Desi Sowers,  Associate Broker,  Real Estate
Desi Sowers, Associate Broker,
Certified Residential Specialist at REMAX 8
1344 N. Main Street
Blacksburg VA 24060
Phone: (540) 320-1328

Each Office Independently Owned and Operated