| How do I determine if my house will increase in value ...... |
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grace
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| How do I determine if my house will increase in value ...... |
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I need to buy a house with a good resale value. How do I determine if my house will increase in value within the next five years so that we can upgrade? I can buy a smaller house in a great location or get twice as much house in a good location. Which is a wiser decision?
real estate vancouver bc
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Fri Jan 30, 2009 9:48 am |
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InvestEveryMonth.com
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Tough to make a recommendation without knowing the specifics. All areas and all real estate decisions are unique. I don't think there is a golden rule when it comes to buying a house. There are many buyers who will pay a high price to get into a great location and there also are many people who will pay to have more room.
InvestEveryMonth.com - Investment Community
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Fri Jan 30, 2009 4:34 pm |
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jodi
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Furnishing the house and adding jacuzzi or bath will definitely increase the value of the house.
Florida Real Estate
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Sun Feb 01, 2009 5:57 am |
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Doublebase
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Look at the comparisons. If the houses are selling for more then you are paying then you will have a good resale value. Most house are going down the tubes. My neighbor paid 310k for his house. 9 months later I bought the house next to him for 250k. I just got my home appraised for 260k. I would say my area would be a good resale value since they once sold there for 300k. That will probably take 3 -5 yrs though. Its tough to tell right now. Buy what you can afford and just make sure you are comfortable paying what they are asking.
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Mon Feb 02, 2009 6:22 pm |
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stevegeorge
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Hello
House's value is depend on location first, 2ndly depends on Interior design. If you can maintain your house properly, These things are definitely increase the value of your house.
rent to own Calgary.
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Mon May 25, 2009 10:48 am |
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urvi88
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House value mainly depends on the location and after that condition of the house.
Personal financial Planning
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Thu Jun 18, 2009 11:41 am |
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No-Brainer
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I have a Realtor friend that does a swift trade on crystal balls if you're interested. That's the only way I know of.
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Thu Jun 18, 2009 4:35 pm |
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kim-mm
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Doing simple upgrades/repairs to the house can increase it's value. You can also add wallpaper that will look good in the house - it's cheap and easy.
Read this article for more information.
Money Manager | Coffee With Kim
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Sun Jul 05, 2009 11:19 am |
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No-Brainer
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quote:
Originally posted by LottomagicZ4941
Housing prices are still to high!!! Perhaps all profits from realestate should be taxed so people wouldn't speculate.
Perhpas speculation should be limited to the stock market?
That will NEVER happen for long, it's a self-seeking level naturally controlled. If they do get too high for a while they quit selling and sellers are forced to lower them or eat it.
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Sun Jul 05, 2009 3:00 pm |
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Fletcher
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The most often quoted rule is that location is the most important factor.You want to make sure that the house does not back to busy streets and is as close to the interior of the tract as possible. Avoid corners and intersections.
Bracknell Properties
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Thu Sep 24, 2009 2:56 pm |
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No-Brainer
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quote:
Originally posted by Fletcher
The most often quoted rule is that location is the most important factor.You want to make sure that the house does not back to busy streets and is as close to the interior of the tract as possible. Avoid corners and intersections.
Hmmmm . . . I am signing tomorrow on a house I sold on the corner and on the busiest street in town. I bought it for $60K in 1989 and sold it for $180K this time. Maybe it was because I didn't use a real estate agent to cloud my thinking?
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Thu Sep 24, 2009 4:02 pm |
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oldguy
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quote:
Hmmmm . . . I am signing tomorrow on a house I sold on the corner and on the busiest street in town. I bought it for $60K in 1989 and sold it for $180K this time.
Hmmm - well, that is a 5.6%.yr return. Maybe if you had a better location you would have gotten >6%??
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Thu Sep 24, 2009 6:36 pm |
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oldguy
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quote:
Hmmmm . . . I am signing tomorrow on a house I sold on the corner and on the busiest street in town. I bought it for $60K in 1989 and sold it for $180K this time.
Hmmm - well, that is a 5.6%.yr return. Maybe if you had a better location you would have gotten >6%??
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Thu Sep 24, 2009 6:37 pm |
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No-Brainer
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quote:
Originally posted by oldguy
quote:
Hmmmm . . . I am signing tomorrow on a house I sold on the corner and on the busiest street in town. I bought it for $60K in 1989 and sold it for $180K this time.
Hmmm - well, that is a 5.6%.yr return. Maybe if you had a better location you would have gotten >6%??
You could say that about ANY deal, I am quite happy with an extra $1,000 a month in free money for the next 20 years. I bought the building as an individual, leased it to my company who paid for it and now enjoy the proceeds of the sale as free cash.
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Thu Sep 24, 2009 8:11 pm |
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