When shopping for a new home, there are so many factors to consider. You will likely have a list of criteria and needs that the house must meet. Specifications such as the number of bedrooms and bathrooms, living space, layout, and location among others. Most of your considerations, naturally, will revolve around the needs of your family and lifestyle.
Personal needs and desires are most important, but there are a few other things to factor in. These other factors will play big when you decide to sell your home.
Here in Southern California, there are areas where property tax rates and special assessments vary for different zip codes and neighborhoods. Homes located at high tax rates can be more challenging to sell for top dollar. It is likely that other similar homes subject to lower taxes can be purchased in the same city.
You may be able to afford the higher taxes, but it could present a challenge when you go to sell in a few years. It is something that can affect the overall value and sellability of your home.
School districts should be considered by everyone. You may not have children, but if your home has 3 or more bedrooms, the future buyer likely will. This is something that parents of school-age children give a lot of consideration to. The school district that your home is situated in can affect its value to family-oriented buyers.
Future plans for the area
When buying a home, it is helpful to know if the local area is trending up or down economically. Are large employers moving in or out? Do a little research about the local area in regard to economic trends and future plans regarding business, construction, and recreation. This information will give you an idea of how your home may appreciate over the next few years.
There may be things about a home that you are ok with that others would not be willing to deal with. For example, you may not be bothered by the noise of a busy nearby freeway or unsightly powerline easements across the street, however, these are things that will put off most homebuyers. Buying a home with problematic surroundings could present you with major challenges when it is time to sell.
Considering the Future will Pay Off
Giving careful consideration to factors that aren’t necessarily issues for you and your lifestyle will put you in a good position when selling the home to someone else. Keep these things in mind and do your best to buy a home that works best for you and your family while still being attractive to others that would likely buy your home in the future.