How To Maximize The Resale Value Of Your Custom Hometrustone3
How To Maximize The Resale Value Of Your Custom Home
We love the idea of building a custom home, right? A custom home is meant to fulfill your specific wants and needs. This kind of freedom of choice gives us the liberty to design a home to our heart’s desire, but it can also be our worst enemy.
At the time of building, you can only think of what you need right then and there. However, you may not always live in this house, correct? What happens 10-15 years later when you decide to move? Have you cut your own head off by choosing some poor design concepts? It’s quite possible, and is many times the case.
Your custom homebuilder is trying to satisfy your every wish, and they don’t want to insinuate that you don’t know what you’re doing. Often, you won’t find out until it’s too late. Here are some common mistakes we see homeowners make when building their custom homes.
It’s amazing what you see as a custom home builder. The things that people create are great for them, but no so great for others. While you should certainly build to your tastes and create an ideal home, you shouldn’t stray too far from the conventional standards.
For example, maybe you think you only want one huge bedroom if your 4,000 square foot home, but odds are, that big of a house will resell to a larger family. One bedroom won’t do them much good. Try to use common sense and accommodate your custom home needs.
When it comes to resale value, one thing is for sure…location matters! While your dream may be to have a huge country custom home 50 miles from the nearest metropolitan area, you better believe that it will have a negative impact on your resale value.
Most people want to live in areas of convenience. Try to pick a location that can be considered a compromise. Do a little research to get some background statistics of the neighborhood you’re trying to build in.
For example, how many new homeowners are there annually? How big are families? What’s the average income? Where are the nearest grocery stores? Where are the nearest shopping malls? From there, try to make an educated decision on where to build your home.
Maximize Your Selling Rooms
When people are in the market to buy homes, two of the rooms they pay the most attention to are the master bedroom/bathroom and the Kitchen. People love large, custom Kitchens with quality construction. Granite and stainless steel designs are especially enticing to new home buyers.
As far as the master bedroom goes, try to create large open rooms with higher ceilings, and maybe a walk-in closet. For master bathrooms, installing Jacuzzi bathtubs and his and her vanities in this room is always great for resale value.
These are just a few tips that will help ensure that your home is not only comfortable and realistic for you, but for others as well. The last thing anybody wants is to have a home on the market for too long, especially if it’s a result of our own bad decisions. When building your custom home, plan for the future as well as the present.