Buying a Nanaimo house with good resale value - the top thing to consider

 Buying a Nanaimo house with good resale value

 When I am working with home buyers I always bring up the subject of resale value.  Buying a house is an exciting time for people and they are often caught up in the moment. Buyers are in the throes of making the immediate decision of whether or not to buy that house and are not necessarily looking any further down the road than that.  However, as a consultant working with my clients I believe it is important to remind them to consider resale value when they are contemplating a home purchase.

Buying a home is similar to buying stocks.  We would all be rich if we knew which ones would increase most in value over the next five years.

Buying a home is similar to any other investment purchase, there are risks.  If you are looking towards buying a Nanaimo house with good resale value the top thing to consider is location.

Location -

Look for a house that does not back onto busy streets. Avoid corners and intersections. Choose the middle of the block or a cul de sac.

You want to be sure all essential shops and services are located nearby. These include grocery stores, gas stations, dry cleaners, and convenience stores. There should also be fairly convenient access to local highways, major traffic routes, and public transit.

Have a good look at the local shopping centre.  Does it look healthy and busy? Is it in decline? If so, it could be an indicator that the local neighborhood is also in decline.  Are there many for lease signs?  If there are, you might want to reconsider your purchase.

Many additional factors affect resale value.  If you would like additional information on Buying a Nanaimo house with good resale value please give me a call.