A home is probably the single-most expensive purchase you’ll make in a lifetime. For this reason, you need to weigh your options and make sure you assess the true value of properties. An exclusive buyer’s agent reveals that real estate value is predicated on several different factors you need to take into account before making an offer.
You’ve heard the saying: location, location, location. This is probably the most important factor to consider when buying a home, and a home’s price often reflects this. Houses in good districts that are family-friendly and offer great employment opportunities generally cost more. Conversely, real estate in high-crime areas won’t cost as much. Proximity to social amenities, such as parks and restaurants, is another factor that could dramatically affect the price.
You’ll likely find that people put different values on these factors. Some will prefer lots of neighbors nearby while others prefer peace and quiet. When looking for property, assess what aspects really matter to you. It may be a location near a great school, as you may have kids to think about. Perhaps it may be places with numerous career opportunities.
Upgrades and New Features
Upgrades are another factor to consider when thinking about real estate prices. A lot of people prefer houses that are move-in ready, instead of fixer-uppers that may have a lot of hidden and costly damage. These newer and fully upgraded homes cost more. A home may have a new roof, for example, that adds value and ensures long-term stability. Or the property may have a large backyard with new patio furniture.
Upgraded kitchens are also becoming popular, a trend that was evident in a survey conducted by the Economics and Housing Policy Group in 2012. Of the recorded 3,682 responses, 84% of home buyers said that walk-in pantries, double sinks, and table space for eating are essential and desirable features. When considering upgrades like these, make sure they are worth the added costs and avoid those wow-factor upgrades that really don’t add value to your life.
Only Use an Exclusive Buyer’s Agent
If you are looking for the home of your dreams and need assistance, talk to a trusted exclusive buyer’s agent as soon as possible. They make the buying process easy and make sure you know the true value of each property. Having an exclusive buyer’s agent by your side will give you confidence to go ahead and purchase the home of your dreams.
Buyer’s Option Realty Services only represents home buyers and represents only the best interest of those looking to buy real estate, not sell it. Our experience in the Peterborough, NH real estate market (including the entire Nashua area) gives us the inside track to the best agents to list your property with should you be in the market to sell your home. If you’re thinking about buying or selling Peterborough, NH real estate, give us a call for a no-obligation consultation at 603-881-3800.
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