Recipe for a Great Real Estate Investment
Boost your odds for a successful resale down the road in Salt Lake, Holladay, Draper, Sandy or South Jordan with these four ingredients.
Whether you're shopping for an investment property, buying a starter home or relocating for your job yet again, your next home probably won't be your last. Truth be known, it pays to go hunting with your successors in mind. Buyers are a demanding bunch, and simple renovations won't always satisfy their stringent criteria. By planning wisely and purchasing a property with these in-demand amenities, you can tip the resale scales in your favor.
#1: The Hottest Feature An overwhelming majority of buyers want a 'cool house', but that doesn't mean you need to scour the listings for basement theaters or zoned audio systems. Take this request literally - central air conditioning is the most sought -after feature. The National Association of Realtors survey states nearly three-quarters of buyers rank it 'very important' Central air is a pricey add-on, especially in a home without a forced-air heating system, so you may want to favor a house that already beats the heat.
#2: Essential Storage While curb appeal and designer decor can certainly attract potential buyers, what they can't see is just as important. Buyers are serious about storage space. Fifty-seven percent say a garage with tow or more bays is key, and 53 percent want a walk-in closet in the master bedroom.
#3: Modern Musts As long as it's green on the inside, your next house can be any hue. The eco-friendly trend gets high marks from 46 percent of buyers, so try to find a property with energy-efficient features like newer windows, Energy Star appliances and a well-maintained HVAC system. And a growing number of buyers want to stay wired at home-nearly half say cable and satellite connections are important, while 40 percent want access to high-speed Internet.
#4: Exterior Excellence When you're shopping for a house, what's on the outside is at the top of the list. Half of all buyers say a backyard is important and 36 percent would like a fence for their pups (and their privacy). And you know the real estate cliche about location, location, location? Make it your house-hunting mantra. You can't change Location. Everything else you can. Research the local school district before you invest - even if you don't have kids, the next owner might. And stay clear of high-power lines, highways and airports, which can raise red flags for buyers.
Just know, you may not be able to check off every item on a prospective buyer's wish list, but the right features can lay the groundwork for a solid investment in Salt Lake, Holladay, Draper, Sandy or South Jordan.
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