"If you can someday sell your home for more than you paid for it, that’s a good thing. Find out why we claim that you are guaranteed to get great investment returns if you invest in Camella."
Your house should, first and foremost, be home. But if you’re keen that your property appreciates, here are the three things to look for and three types of homes to avoid.
If you’re buying a new home, can you predict how well it will appreciate while you live there? Maybe, maybe not. But there are some things to look for in real estate that can help assure a property will appreciate at or above the average market rate.
You should buy your primary residence as a place to live in, primarily. After all, that’s a home’s purpose. Thinking of your home as an investment is risky because it may lead you to feel richer than you are and neglect investing elsewhere.
That said, real estate can and does appreciate. So if you can someday sell your home for more than you paid for it, that’s a good thing. Find out why we claim that you are guaranteed to get great investment returns if you invest in Camella.
Because real estate values are unpredictable, you should first look for a home that meets your family’s needs, all aspects considered. It needs to have a location you’re happy with, a size that works for your family, a layout you like and of course, a price that fits your budget. After you’ve found something that checks all of those boxes then you can keep an eye out for features that will assist the house in gaining and maintaining appreciation over time.
If you’re buying a new home, can you predict how well it will appreciate while you live there? Maybe, maybe not. But there are some things to look for in real estate that can help assure a property will appreciate at or above the average market rate.
You should buy your primary residence as a place to live in, primarily. After all, that’s a home’s purpose. Thinking of your home as an investment is risky because it may lead you to feel richer than you are and neglect investing elsewhere.
That said, real estate can and does appreciate. So if you can someday sell your home for more than you paid for it, that’s a good thing. Find out why we claim that you are guaranteed to get great investment returns if you invest in Camella.
Because real estate values are unpredictable, you should first look for a home that meets your family’s needs, all aspects considered. It needs to have a location you’re happy with, a size that works for your family, a layout you like and of course, a price that fits your budget. After you’ve found something that checks all of those boxes then you can keep an eye out for features that will assist the house in gaining and maintaining appreciation over time.
Location, location,location
A home’s location will always have a huge impact on its ability to appreciate over time.
This holds true because the location of the property is never going to change. You can gut the inside and paint the outside but you’ll never be able to take a nice-looking house out of a bad neighborhood. Important aspects of location include school, access to parks, stores and restaurants and crime rates should be low.
This holds true because the location of the property is never going to change. You can gut the inside and paint the outside but you’ll never be able to take a nice-looking house out of a bad neighborhood. Important aspects of location include school, access to parks, stores and restaurants and crime rates should be low.
Features to forget about: Avoid the best house in the neighborhood
This may seem counter-intuitive but generally speaking, it’s bad advice to buy the nicest and largest house in the neighborhood.
This is due to the principal of regression. Your fancy 1000 square foot house is going to be pulled down in value by the neighboring 200 square foot homes, whereas the neighboring 200 square homes are going to be pulled up in value because of your fancy, overpriced house. I’m not suggesting you buy a house smaller than you’re comfortable living in, but don’t search out the best house in the neighborhood simply for the purpose of doing so.
This is due to the principal of regression. Your fancy 1000 square foot house is going to be pulled down in value by the neighboring 200 square foot homes, whereas the neighboring 200 square homes are going to be pulled up in value because of your fancy, overpriced house. I’m not suggesting you buy a house smaller than you’re comfortable living in, but don’t search out the best house in the neighborhood simply for the purpose of doing so.
Swimming Pools
Will a pool really increase your home’s value? Maybe for some buyers, but when you have a pool, you narrow the scope of buyers that will be looking at your property. Not everyone wants a pool, families with young children often specifically avoid them. And many buyers shy away from pools because they can be expensive to maintain, especially when they need to be resurfaced or when you need to fix the pool equipment. Unless you’ll use your pool regularly, avoid buying a home with a pool in the backyard and opt for a local community pool instead.
Customized upgrades
The word “custom ” sounds so appealing, until you realize that the upgrades were customized towards the wants of one person, not the future buyer.
Did you make a wise financial decision in choosing the features of your first home ? Invest in Camella and you will definitely find an answer to that question.
Did you make a wise financial decision in choosing the features of your first home ? Invest in Camella and you will definitely find an answer to that question.