How to Buy a Property with Good Resale Value

Written by Posted On Sunday, 29 March 2015 06:46


Homebuyers treading the Nevada real estate market in search of their dream home often focus on the factors that suit their needs while they living at the property. Many overlook the home's future resale value. Yet, according to the National Association of Realtors, you should approach choosing a home as a business decision. The location of the property, its size, layout and condition all influence whether the home is a sound investment, or whether you will have resale problems later on.

Check out the Neighborhood

Location influences the value of real estate more than anything else. Homes in a desirable location attract a larger pool of buyers; competing buyers typically push up prices. Although a good location is subjective, most homebuyers want homes on a safe, quiet street with good transport links and amenities such as schools, banks and shops. Homes facing a strip mall or business park often sell for less due to their unappealing view. Conversely, homes with a good view sell at a premium. Check out any future developments that might impact the view before you buy.


Layout and Configuration

Regardless of the square footage of the house, the configuration of the rooms plays an important role in establishing resale value. For example, inadequate bedroom and bathroom facilities could negatively impact the value of the property. Homebuyers typically want three or more bedrooms, according to the National Association of Realtors. Beware homes with five bedrooms or more, however, as this could be too much for homebuyers to handle. Walk-in closets, open plan living accommodation, laundry rooms, a high-functioning kitchen and a master bathroom usually raise the resale value.

Home with good Resale Value

Additions and Renovations

Some remodeling projects add instant value to your home. Replacing old, worn out siding provides the greatest return on investment and achieves the highest resale price. Adding a bedroom puts your home into another price category, so convert your attic or finish the basement for an instant injection of equity.  Quick kitchen fixes, such a replacing the cabinet doors and adding new sinks and faucets, typically increase the value of your home by the exact dollar amount you spend on the update. Adding a master bath can add 20 percent to your home's value.

The Role of the Agent

The price of your home is affected by external factors. For example, if a local employer moves out of town, the value of Las Vegas homes will likely decrease. Interest rate hikes, unemployment rates and even birth rates impact house prices. Thus, it is impossible to accurately predict the future resale value of a home. However, an experienced Las Vegas real estate agent such as The Ballen Group at Keller williams Realty Las Vegas Summerlin can help. If your home is ready to sell, ask your agent to prepare a comparative market analysis. This document analyzes the current selling prices of comparable homes in your neighborhood and sets a price range for your home. For future sales, ask your agent to consider local price trends, employment statistics, transport plans and incoming employers to estimate the likelihood of you achieving a good price when you eventually sell.


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img src="" srcset=" 768w, /Lori Ballen is a licensed agent with a real estate team licensed with Keller Williams Realty Las Vegas. When you choose Lori Ballen Team, you get skilled Real estate agents who specialize in particular niches, and geographic locations. Always in the top 1% of Las Vegas production, Lori prides herself on the continuing education and high level training she and the team members receive.

Lori is known in the real estate industry for her digital marketing skills. She’s a top requested trainer who shows real estate agents how to market their seller’s listings for the most exposure which could lead to higher offers. Lori’s specialty is search engine optimization which might be just how you found this website.

You’ll find Lori Ballen Team real estate agents in Las Vegas, Henderson, North Las Vegas, Boulder City, Pahrump, and even in Reno. She’s recently begun working in other markets across the nation helping sellers get their homes sold for the most amount of money possible in the least amount of time possible and with the least amount of inconvenience. The buyer agents who work with Lori love being out and about previewing the latest inventory. They work with you to find a resale or a new home. That’s right. If you are considering new construction, reach out to us first. You can have your own representation and most of the time the builder pays the buyer agent commission so you have no more expense.

What's Your Home Worth?
Use our instant home value calculator to get an estimate of what your house might sell for today.

The listing specialists working with Lori know how to sell a property. They will bring all of the necessary data to help you determine what your house might sell for in the current market. No punches are pulled. It’s all in the numbers and then in the marketing for top exposure. That’s what Lori’s team does best.

When you work with Lori Ballen Team at Keller Williams Realty, you won’t feel lost in the shuffle. It’s a team and everyone cares that you reach your goal. Nobody wins if you don’t win, so you are first.

Give us a chance to show you why Lori Ballen Team is the right choice for your real estate needs.

Keller Williams Realty Las Vegas
Address: 9420 W Sahara Ave #100, Las Vegas, NV 89117
Text us! 702-604-7739

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