Think about Resale Value before Building a Home
When you’re conscious of your budget and desperately need somewhere to live, it’s easy to fall into the trap of buying a cheap house. Unfortunately, when you don’t think about the resale value you can end up stuck with an unsellable home in the future. In this article, we’re discussing the importance of buying or building a home with resale value.
What Is Resale Value?
As soon as you buy or build a home, you should be thinking about resale value. Resale value is how much you can expect to gain or lose when you choose to sell your home in the future. There are many factors that go into a home valuation, including size, location, layout, storage, and so much more. Due to the lower quality materials used in building a cheap house, they are more likely to degrade in value quickly. When you make an investment as large as a home, you want that investment to pay off in the future. This is why it’s so important to choose a home that ticks all of the boxes, and if you can’t buy one, build one!
What Do Real Estate Agents and Buyers Look For?
There are a few things that real estate agents will look at when it comes to valuing and selling a home, including the location and demand for that suburb, rental yields, and the percentage of owned vs. rented properties in the suburb. The number one rule of reselling a home is the location, it’s important that you choose an area that will attract a larger pool of home buyers. A house and land package from McDonald Jones Homes will take care of this aspect for you.
Homes with more than two bedrooms are more attractive to families, and having additional bathrooms will create a wider pool of potential buyers. It’s important to plan a home build that will suit your own family and also attract others. You want to ensure your home has ample family space and storage solutions to minimise the need for renovations later on.
The Beauty of a McDonald Jones Home
A McDonald Jones home has been designed to tick every box. Filled with natural light and open spaces, our homes flow seamlessly from one room to the next. Plus, each design comes with standard inclusions that add luxury and comfort to your lifestyle. McDonald Jones Homes are known within the wider real estate industry for our quality and great design. Real estate agents use this information when they are marketing and reselling one of our designs to new owners. Those who build a McDonald Jones home can maximise their resale value because each design is of superior quality.