Hidden Value In A Home Today

Here’s another post taken from my ‘News You Can Use’ Preferred Client publication. ____________________________________________________________________________________

Changing demographics combined with the economic downturn is creating a trend of getting back to the basics in today’s real estate market. For those seeking maximum value at a minimum price, keep these essentials in mind.

Bigger Isn’t Always Better
Bigger spaces are associated with higher utility bills, increased property taxes, more expensive insurance, and greater maintenance costs. Instead of picking the largest house you can afford, search for the one with the amenities your family will truly use.

Good Neighbours & Neighbourhoods
Friends, family, and great neighbourhoods are major attractions. Research shows that homes located in top-rated school districts routinely fetch 10% or more than similar-sized homes in less-desirable districts. Homes in family-oriented neighbourhoods with parks and other amenities are always popular and tend to maintain their value.

Fruit Trees & Gardens
Throughout Canada, high-maintenance lawns are giving way to eco-friendly (and budget-happy) gardens, fruit trees, and other down-to-earth activities. Less grass means less water, fertilizer, and time to keep it green.

Going Green Is Big
From energy-efficient appliances to environmentally friendly building materials, green is not only “in” but bigger than ever. Save thousands of dollars by searching for homes that have already implemented energy efficiency upgrades like LED lighting, high-efficiency furnaces, and hot water systems.

Entertaining
As economic uncertainty/ recovery persists, people are interested in entertaining, exercising, and eating at home more than ever. Focus on properties that support your interests and lifestyle for today and tomorrow.

Remember, on average people will remain in a home for seven years, so make the right choices today and ensure your next house truly feels like home.

 

///…CP