When many of us buy a home, we consider what the house offers that appeals to us and do not necessarily give much thought to resale value.  We may be very excited about our purchase and are thinking about what we like about the house and how we will decorate it as well as the years of enjoyment we will derive from this home.

However, most buyers do not spend more than five to seven years in a house and consideration should be given to resale value as well as current satisfaction.

Location of the dwelling in a residential neighborhood is important with the best place being somewhere in the center rather than on one of the edges. You should avoid living on a busy street with a great deal of traffic especially if you have small children.  Backing on a main street is also undesirable due to the possible noise factor and lack of privacy.  A home in the middle of the block or on a cul de sac is one of the best locations.

A single family home should also not border on a school,  park, business, condominium or apartment complex.

An important consideration is the safety factor.  Your local police department will be able to provide information on crime statistics in the neighborhood.

Another point to research is the neighborhood zoning.  Several months ago, I was checking out the homes in a large and beautiful Master Planned Community.  While driving up into the foothills, we were able to see a breathtaking view of the mountains on the south side of the street.  However, when visiting an Open House at one of these homes, I was unpleasantly surprised to see a large gray wall in the back yard blocking the entire view.  Behind this unsightly wall was a recently built addition to the Interstate highway!

John Bio:

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Tags: buying