How to Tell a Home is a Good Buy

Whether you are buying to flip a home, or you want something that will appreciate in value so you can leave it to your kids, it’s a good idea to try and exercise some judgment for whether a house will be a good buy or not. While there is no substitute for an appraisal, these tips will help you make some fair assessments based on market conditions.

Amenities

What the home offers to you can help determine whether it is a good buy or not. Bathrooms are a great example. Full baths, that is bathrooms with a bathtub/shower combo, tend to add more value than a half or quarter bath. Extra bedrooms are nice, especially for people who frequently have guests come to stay. Those extra bedrooms can also serve as a home office.

Think Outside the House

Consider how you can utilize the space outside of your home. Adding a deck or patio to the rear of your house would be a good way to utilize that space, create a seating area and potentially add a barbecue for an outdoor kitchen. In the front yard, a small seating space that runs flush along the house can give you a porch you didn’t have before.

Kitchen Space

Kitchens with more space always tend to sell for more, but you can turn a long and skinny kitchen into what you need with proper cabinet space. If you are willing to compromise on some of these features, you can get the dream home you want with features that won’t run you broke.

Bio: Kuba Jewgieniew, a former stockbroker, founded Realty ONE Group in 2005. By the end of the firm’s first year, over 300 agents were closing deals under the Realty ONE Group brand.