That means scouring public data records for statistics on crime, home price trends and school budgets. Researching any coming zoning changes. And spending extra on a structural engineer if your home inspector suspects foundation issues.
“Take a ride into the neighborhood at different times of day,” says Veselov. “At rush hour. When the school busses come around. In the evening. And see if you like it.”Analyzing a home’s and neighborhood’s historical sales price data can give you an idea of whether values are appreciating or depreciating. A review of past sales that show a string of lower selling prices could signal that future appreciation is far from certain.
The more functional the home is, the better. A home listing with five bedrooms might sound great. But if three are located in the attic and basement, or you have to walk through one bedroom to get to another one, the home’s value could lag those where all five bedrooms are located on the main living floors. Similarly, a home that has undergone many additions that don’t blend in seamlessly with the original house could also turn buyers off.
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