The majority of current and future homeowners search for a property that suits their needs and fits in a location that is close to work, family, and/or possibly "good" schools. Others may look for a property that is near an area where they like to vacation or travel to with frequency. Many families do not always consider the resale potential of their property when searching for that special place to call home.
Is there something more we should all consider when buying that next real estate property? What are the housing trends in the location we are searching in? Are the taxes increasing at a rate that is above or below normal for the area? What is the average number of homes that have sold in previous years and typically how many homes come to market in any given year? Are the homes I am looking at an average size or are they larger or smaller than the typical house that comes to market? What amenities are close to the location where I am searching? Is there a lot of new construction or businesses moving into the area that could affect home values? Are there any environmental issues that could affect the ability to buy or sell a house? Am I searching in an area that may have unusual weather from time to time? Have I explored the cost of insurance and any extra insurance coverage riders that may be needed to properly protect the investment? Will there be any major costs that could arise to maintain the property now and in the future? How long do I intend to own the home?
These questions and many others should be reviewed and explored before considering that next real estate purchase. Len DelGallo is a real estate agent with 30 years of financial experience that may be able to help you investigate many of these factors and other issues to give you a better chance to improve your future resale value potential with your next real estate purchase.
Visit the website below today to get a competitive market analysis for your home in Connecticut, USA. Len also has the ability to help you with real estate market updates and local property searches to give you an edge in the real estate market. If you live outside of Connecticut email me at the location within the website listed below and I can refer you to an agent who can help you. Please check back on this blog for real estate essentials that will help you buy, sell, or rent a home.
Len Real Estate Website: https://delgallo.com/LENDELGALLOREALESTATE.html
Leonard J. Del Gallo Jr., Real Estate Agent - CT. RES.0812473 - Licensed Connecticut, U.S.A
Broker: Berkshire Hathaway HomeServices New England Properties
Office: 172 West Main Street
Avon, Ct. 06001
- (860) 677-7321
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