| $cott 2006-04-14, 12:21 am |
| Whether you think you'll stay in your new home "forever" or plan to
move again in a few years, it pays to keep resale value in mind from
the start. Here are some sure-fire tips:
1. Look for a strong, diversified local economy. Business expansions
and new companies moving to an area mean more home buyers. That
increased demand can help home prices rise.
2. Consider areas with low (or no) taxes--state income tax, personal
property tax, etc. These areas attract buyers.
3. Check out local school ratings. Property values track closely with
the quality of schools and the level of local funding.
4. Look for low crime areas and active neighborhood watch programs.
Check local zoning laws and plans for development to find out if the
area could change for the worse-or the better.
5. Learn how often homes in the neighborhood are listed for sale and
how quickly they sell. The fewer that list and the faster they sell,
the more demand there is for the neighborhood.
6. Buy a modest home in a top neighborhood rather than a top home in a
modest neighborhood. You want your home's value to look like a bargain
compared to your neighbors' homes.
You can find more articles like this by subscribing to my newsletter or
by visiting www.RealEstate-IQ.com.
Regards,
Scott Miller
National Commercial and Residential Lender/Broker
1.877.716.6495
EZMortgageLoanz@aol.com or hugh.miller@carteretmortgage.com
www.RealEstate-IQ.com
www.EZMortgageLoanz.com
This message has been posted in one or more corresponding
newsgroups--and will be periodically posted again in newgroups where
home buyers and sellers may be participants.
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