The Power Is Now Magazine | November, 2021

Page 67

By Kamesha Keesee

Here are some of the things that will affect your home resale value

As much as the home buying process is seen as emotional and rightfully so, seeing it is the place that you will make memories in—raising your children or fur-babies. It is wiser to think of it as an investment that you will cash in on at one point in the future. So, if you decide to sell your home for one reason or another, consider factors that will make your home standout—factors that will affect your resale value. Here are factors that will affect your resale value. WWW.THEPOWERISNOW.COM

1. YOUR NEIGHBORHOOD A home’s demand hedges on where it is located-- A house closer to social amenities such as schools, hospitals, traffic, and restaurants is likely to attract more buyers than isolated homes built in the middle of nowhere. And depending on the kind of buyers your property will attract, may it be young adults or families-location is subjective-, proximity to these amenities will boost the resale value of your home. 2. THE SIZE OF THE PROPERTY Size when it comes to home buying does matter. It is the very principle that pricing is based upon—price per square footage. And as much as you like a tiny home, buyers may find it unappealing as they might want additional space, thus affecting your home’s resale value. On the other hand, a large house might be out of your price range and consequently out of many potential buyers when you decide to resell. The best thing to do is to find an in-between, one that is not too big or too small a home when you are buying a home.

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hen buying a home, most buyers focus on the house’s aesthetics, the duration of the time they will live there, and what suits their needs at that time. Rarely do buyers think of their home’s resale value.

3. AGE OF THE PROPERTY An older home may have a rustic appeal to them, but l

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Articles inside

Thanksgiving Day

5min
pages 134-138

Veteran’s Day

3min
pages 132-133

The Role Of Lenders in Increasing Minority Homeownership

14min
pages 120-125

Here’s how to help your kids cope with a move, by Joe Fisher.

4min
pages 113-115

Analysis: Two Months After Moratorum’s End, How is the Foreclosure Activity

3min
pages 118-119

National Epilepsy Month

2min
pages 130-131

Why is it mandatory in California when you finance a house to get insurance?, by Success Money.

3min
pages 109-112

National American Indian Heritage Month

9min
pages 126-129

L.A’s topmost affordable neighborhoods, by Adrian Bates.

6min
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Four Legal Problem Areas In Real Estate

5min
pages 116-117

Fireproofing your house in Whittier, by Briana Frazier.

4min
pages 101-104

Tips For Buyers: Are You asking Your Agent all the right questions?, by Cornelius Jackson.

6min
pages 81-84

San Diego Housing Market Statistics for Q4, 2021, by Denise Matthis.

4min
pages 93-96

How to avoid falling victim to fraudsters in the homebuying process, by Danon Burnside.

4min
pages 89-92

Meet Alana McCargo, President of Ginnie Mae.

10min
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How to get a good deal during the holiday season, by Robert Langston.

3min
pages 97-100

Real estate market update: A Snapshot of Corona Housing Market, by Jenny Gonzalez.

4min
pages 85-88

The True cost of selling a house (What’s your net?), by Ruby Frazier.

5min
pages 71-73

Here are some of the things that will affect your home’s resale value, by Kamesha Keesee.

6min
pages 67-70

Arizona Housing market Insights for Q4 2021, by Peggie Simons.

5min
pages 63-66

5 red flags Veterans and Military homebuyers in Arizona should watch out for when buying a home, by Yvonne McFadden.

5min
pages 59-62

Which mortgage is right for you? Part Two. Understanding the Types of Mortgage Terms, by Sharon Bartlett.

5min
pages 43-48

What do you do when you have multiple offers (and are all good?), by Adriana Montes.

7min
pages 53-58

Here’s how to prepare yourself for homeownership while renting, by Johnnie Morine.

6min
pages 39-42

Commercial Real Estate in the Digital Age: Is Customer service as important, by Steve Peterson.

3min
pages 31-34

How to value your home accurately in San Francisco, by Norman Green.

6min
pages 35-38

Do you know how to spot a rental assistance scam in Maryland?, by Emerick Peace.

2min
pages 49-52

Some words on Dave Shappelle, by Gary Acosta.

7min
pages 26-30

Re-imagining Rural America: Reviving Our Communities by Tapping and Leveraging Community Assets

2min
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Clubhouse 101: A Real Estate Agent’s Guide to the Newest Social Networking App

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California’s High Cost of Housing: Cost and Consequences to the Economy

3min
pages 14-15

PropTech: Does The Industry Fully Understand The Massive Potential of this

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Survey: How Have Landlords Survived During The Pandemic?

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Tech On Climate: Facebook’s New Sustainability Goal To Restore more water than it uses by 2030.

3min
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Changes to the GSEs Capital Rules and How they AFfect the Lending Landscape.

2min
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California’s Climate Change War: Almost Lost it....But The State Is Back On Track!

3min
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