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article written by MyFolsom
netizen Mike Volkin
So you want to buy a house in Folsom... What’s the best way to buy a home with a
great resale value? We’ll show you what types of things will make
your house more attractive when it’s time to sell.
Lot and Landscaping
Some buyers will shy away from odd
shaped or oddly situated lots. Th e
lots should be rectangular and as level as possible. Of course, for
every 10 buyers who prefer rectangular lots, there will be one who
will be specifically looking for an odd shaped lot.
Avoid buying a property that is landscaped too much. Normally this
landscaping comes at a premium price and the upkeep may be too much
to handle. This premium price may not be easily recoverable when it
comes time to sell. You will get your best value if the house is
moderately landscaped or under-landscaped for the area. You can
always improve the landscaping during your ownership by improving
the grass and adding bushes and trees. Landscaping can be quite
costly, however there are many quick and easy fixes you can do to
turn even the dullest lawn into an attractive one.
House Size
If resale value is important to you, you should not buy the largest
model in the neighborhood. When determining market value, the homes
nearest to yours are most important. If all of the nearby houses are
smaller than your house, they can drag down the appreciation.
Likewise, if you buy one of the smaller houses in the neighborhood,
the larger homes can help pull up your value. When determining the
proper house size for resale value, you have to determine what you
need rather than what you want.
Bedrooms and Bathrooms
Three and four bedroom houses are the most popular among homebuyers,
so if you can stick in that range you will have more potential
buyers when it comes time to resell. Even five bedrooms is okay in
Folsom, as long as you do not have to pay too much extra for the
additional bedroom.
There should always be at least two bathrooms in a house, preferably
at least two and a half.
Closets and Garages
Walk-in closets are simply in fashion now, just like granite counter
tops.
Garages add to the resale value and you should always make sure to
get at least a two-car garage. Lately, three-car garages have become
desirable in Folsom. Adding shelves to a garage is a great amenity
that many buyers overlook when house hunting. You can have them
professionally installed or do them yourself with minimal effort.
The Open Floor Plan and the Kitchen
Houses with open floor plans are selling well in Folsom. By having a
kitchen that opens into the family room, the house seems more
inviting and is great when hosting parties.
Stainless steel kitchen appliances are also in fashion. Make sure
your kitchen has easy access to the backyard, as there will
certainly be occasions for barbecues and outdoor entertaining in
Folsom.
Fireplaces
The only room where having a fireplace is a necessity is the family
room. A fireplace in the living room may be nice touch, but you pay
extra for it and will rarely use it. The fireplace in the living
room will serve as a focal point, but does not add much to the
house’s resale value.
The Big Myths
In closing I would like to end with a couple myths about resale
values of Folsom homes.
Swimming Pools
Swimming pools do not provide as much
added value as they once did. As an experienced Realtor in the area,
I will tell you that homes with pools get fewer showings than homes
without pools. However, if you have a pool and wish to sell your
house, you will get potential buyers who
are specifically looking for a pool, which is great since you will
have less competition.
Buy a home with a pool for your own
enjoyment, not as an investment.
Should you want a house with a pool, avoid installing one yourself.
Paying a contractor to install
one for you is not a financially sound investment. Perhaps someday
it will be, but not at this time.
Homes with a View
Homes with a pleasant view of the
horizon, Folsom Lake, or even the Empire Ranch Golf Course often
sell at a premium price. However, if a view is important to you, buy
it mostly for your own pleasure and not as an investment. When it
comes time to sell the house, you will be limiting potential buyers
to come and see your home as many may not put the same price tag on
the view as you did. Keep in mind, it may take you longer to find a
buyer when it comes time to resell the house or you may find
yourself dropping your price to match other sales prices in the
neighborhood. In other words, a “view” is an amenity you should pay
for your own reasons and not for resale value.
Mike Volkin is a professional Realtor specializing in Folsom Real
Estate. You may email him with questions at mv@mikevolkin.com or see
his website at www.MikeVolkin.com.
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