Buying a Home? Consider These Resale Value Tips

Buying a Home Consider These Resale Value TipsBuying a home is more than just buying a piece of land. This investment, which is likely your largest, should increase in value over time. With that said, there are numerous factors to consider before choosing the home that’s best for you and your money. In addition to securing the best CT Homeowners Insurance available, familiarize yourself with these helpful resale tips to see if your home will retain and increase its value over time.

Location.

Buyers want more than just a pretty tree-lined street. Now, they are more interested in the surrounding community, the school districts, and the activities available. Or, depending on the age and desires of the buyer, they may want to be within close distance to shops and restaurants so they don’t have to depend on their cars so much. If you find a home that meets your needs in the location department, keep it in consideration.

Size and layout.

Many buyers think square footage is the sure fire way to increase value. While they have a point, think about how the space is divided. Stan Humphries, chief economist at Zillow.com, explained to U.S. News, “Adding a bedroom will take away value. Fewer but larger bedrooms tend to boost value.” Also, open concept homes are much more valuable these days than a compartmentalized one of the same size. So, before you put up that wall, think about the implications it will have on your home’s value in the long run.

Upgrades.

While you may love granite and stainless steel, make sure any renovations you undertake are characteristic of the neighborhood. For example, if you install luxurious items such as a wine fridge in a predominantly traditional area, you might not get your money back upon selling. Instead, check out open houses in the area and research the kinds of finishes and upgrades that home buyers in the area look for.

At Byrnes Agency, we strive to provide the best solutions at affordable rates. We understand that buying a new home can be stressful, which is why we are here for you. Our staff is here to assist you as you transition from one home to another, and our offerings can be customized in order to meet your specific needs. For more information about our products and services, contact us today at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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