Here are some tips to help you find a home with good resale value:
* Location is Essential
* Locations regarded as most desirable today might not keep that status forever, but they're good models to use when you're searching for a home.
* Why are those neighborhoods in demand and how long have they been top choices?
* Are there other areas in town that are increasing in desirability?
* Does new growth in town seem to be headed towards a certain area? Will there be plenty of services (groceries, shopping, schools) in that area?
* Is the community changing--with residential areas shifting over to commercial properties?
(That can sometimes be a plus for eventual real estate value, but a negative while you live there.)
Home Value Buying Tip: Always choose a home that suits your needs, but if you can, find one in a location that others seem to want, too.
"Nationwide Real Estate Listings and Property Values"
Homeowners Expect Home Values to Increase
More than half of homeowners responding to a new national survey said they expect their home values to appreciate five percent or more in the next year. Another 19% said they expect no change in the value of their homes in the next 12 months. Only 29% of homeowners said they expect home prices to fall five percent or more in the same period.
Nationwide MLS Real Estate Listings
DataHomes.com
