There are far too many factors that can influence your decision when you select a home to buy where you and your family can reside securely and in comfort. However, at some later stage in you life, you may want to resell your home. Most people would expect minimum 4% annual appreciation on the original price they paid to buy the house. Towards this end, you will have to undertake all minor repairs, anticipate and keep ready answers to all possible sales objections that your prospective buyers may raise. The price your home will fetch is related to its marketability. If your home has all the merits the buyers expect, then it will be the most sought-after home by all buyers, and, needless to say, your home will sell at the highest possible price in the market. Here are 5 potential re-sale problems:
The first likely problem may pertain to the site. There may be certain peculiar restrictions such as neighbors may have to trespass into your property, house expansion may not be feasible, major pipelines are running underground etc. .Inadequate outer space can be a serious problem, particularly if your home has much less yard area than other homes in the neighborhood. Prospective buyers will in all probability shy away.
The second problem may be with regard to the location. Homes located in remote or less developed areas and homes that are situated opposite office buildings or retail centers are less fancied by buyers. Buyers looking for family peace and domestic comfort want homes away from commercial areas. If your home has no direct street frontage or there is a building or some other construction in front of your home. It is a positive disadvantage. Intending buyers will certainly be put off. The general reaction by buyers to high tension wires crossing near you home is to summarily reject the house. Most prospective buyers will simply drive away if the approach road is steep. They would obviously want to choose an area that is elitist and reflect pride in ownership. There could be security problems in your area - drug dealers, thefts, and other safety aspects which will make your home not saleable.
The third problem, though seemingly peculiar but quite common, is whether your home has been in the market for sale for a long time. Is it because the price simply set too high or is there a problem with the house that is difficult to correct? A house can remain unsold in the market for a long time if lots of houses in the area are available for sale. This may simply be a supply and demand issue.
The fourth problem may be with regard to amenities. Poor water drainage may prove to be a serious problem. Talk with an expert about improving the drainage around the house, and evaluate any previous damage caused by flooding or rain water entering the house. There could be structural defects like loose fill on the lot, clay soil, drainage issues, or poor construction. Excessive remarks noted on your inspection report will indicate that your house was not maintained properly or was it was poorly constructed. Previous history of large insurance claims can pose a serious problem as there may be difficulty in obtaining insurance on the home.
The fifth likely problem may arise if the home that have excess acreage as most people feel safer buying one of the cheaper houses in the neighborhood instead paying for unwanted additional land. Badly designed floor plans that make living in the home uncomfortable will turn away buyers. Rooms that are disproportionate in size, poor access to the backyard, low ceilings, fewer windows, less ventilation and other layout issues will result in a re-sale problem.














































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