When selling a home, many homeowners are surprised to find that their home doesn’t fetch the same price as comparable properties in their neighbourhood. In some cases, this can be due to poor upkeep or a lack of features that buyers are looking for. However, in many cases, the reason is simply that the home doesn’t have good resale value. This can be an important factor to consider for any homebuyer, especially if there’s a chance they may need to resell in the future. Some homes have features that make them more attractive to future buyers, such as a desirable location or a well-maintained interior. Other homes may need some work to boost their resale value, such as updating the kitchen or bathroom. By taking the time to research a home’s resale value before making an offer, buyers can avoid costly mistakes that could reduced the money they ultimately receive from the sale.
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