Even if you plan on spending many years in a home, a property's resale value is an important consideration when house-hunting. This is especially true if it's your first time buying real estate, as you may need to transition to a larger home as your family grows. While there are no certainties when it comes to a home's future value, the following factors indicate that a property is likely to have an impressive resale value. 

3 Features to Look for When Determining the Resale Value of Real Estate

1. Good School Districts

For house-hunters with children, the quality of the school district is often a significant factor in their decision to buy. It can even be the primary selling point for many families, which is why it must be included in your homebuying checklist. While you can do research on your own, a knowledgeable agent will provide insight into the closest school district and how it measures up.   

2. Quality Home Systems

Home inspections focus on essential components like wiring, plumbing systems, HVAC equipment, roofing, and the foundation. These are often the make-or-break components during real estate negotiations, as repairing or replacing features like furnaces and wiring can be expensive and time-consuming. When systems and equipment are in excellent shape, you're likely to have a lot more buyer interest when selling the home. 

3. Attractive Neighborhoods

The right neighborhood amenities are also effective selling points. Homeowners want easy access to grocery stores, shopping centers, restaurants, parks, and entertainment venues, and they're often willing to pay more for this access. 

Prospective buyers are also more likely to be turned off when there are few local amenities, forcing them to travel further for groceries and entertainment. When checking out a potential home, take time to explore the surrounding neighborhood to see if it includes some of these features. 

If you're interested in buying a home with an excellent resale value, contact Advantage Real Estate in Santa Monica, CA. With over 28 years of experience in the real estate industry, David Rosenfeld is a licensed realtor® with extensive knowledge of the area. Not only can he help you find the perfect home, but he'll also be there to help you sell it when the time is right. Schedule a consultation by calling (310) 450-4488 today, or visit the website to stay updated on new listings.