Considering Resale Value: Custom Homes
When purchasing an existing home, one of the most important aspects to consider for the future is the resale value. It may seem odd to consider selling your home before you’ve even moved in. Still, your future self will thank you for taking the time to consider every aspect of the house and its value.
When purchasing real estate and building a custom home, this is no different. Building your dream home does not necessarily mean building your forever home. You may be building a high-quality home that perfectly suits you now, even if you may move on later.
Suppose you know that the likelihood of moving is substantial or even possible. In that case, it is a good idea to spend some time considering a future buyer’s preferences which will benefit you by increasing the home value and ease of sale later.
Here are a few resale elements that you should consider during the home building process:
Ensuring that your home has a floor plan with a good flow is absolutely a selling point of any home. House plans that are chopped up or do not have a designated master suit do not carry much appeal in today’s market. Building a home that has an open floor plan concept, high ceilings, and zone designations for work, play, and living are what potential buyers will be looking for in a home.
The exterior of your home is what will first bring appeal to your home. They say not to judge a book by it’s cover, but people absolutely tend to do this with homes. Selecting outside finishes that coordinate with the neighborhood or landscape, that are timeless, and that are beautiful without requiring too much upkeep will be great selling points in a new home.
As a bonus, including an outdoor living space will increase the value of your home for resale and you will get to enjoy a wonderful outside space while you enjoy your home!
Interior design is what truly makes a house into a home. It can be tempting to customize every bit to your unique style and design but if you know that you will be keeping resale value in mind, we suggest selecting finishes and paint colors that are neutral and coordinate with any modern color pattern and style. If you have a bright and colorful style preference, it is best to bring color and creativity in with your furniture and wall hangings so that you can take them with you and leave a clean slate behind for the next home buyers to enjoy.
A few other key elements that will benefit you while you live in the home but will also boost the resale value of your home are:
- A large and spacious kitchen island
- Energy efficient appliances such as energy star windows
- Hardwood flooring
- Low maintenance landscaping and sprinkler system
A resale benefit of building a custom home is that many elements of the home may still be under warranty when you leave. This is a huge selling point for new buyers because they know that appliances and elements are brand new, have likely not seen much wear, and will also be easy and cost less to repair if something does go wrong. This is especially beneficial if the water heater, plumbing, and roofing are still under warranty from your custom building experience.
The Morgan Taylor Custom Home Experience
The National Association of Realtors data shows that most homeowners stay in a home for an average of 13 years. Therefore, the likelihood that homeowners have one forever home are very slim. Because of this, when building a custom home it is a good idea to consider the resale value of the home.
At Morgan Taylor Homes we specialize in providing high quality homes that you will benefit from and enjoy for years to come and also in making sure that your home is a valuable investment for a possible future resale.
We have a design studio with specialists who are educated on current and lasting trends who can help guide you in making the best decisions for your family and for potential buyers.
If you have more questions about the resale value of custom homes or you are ready to begin your dream build, please schedule an appointment with us at 480-626-1555.
Are you tired of getting ready for the day in a cramped bathroom space? Has your family outgrown your current bathroom situation, and are you looking for an answer to feeling squished in your own home? We understand that tiny bathrooms can be frustrating to deal with on a day-to-day basis. Thankfully, you do not …
The garage is often the furthest space from your mind when beginning your custom home building journey. Like most homeowners, you may consider it more of an “outdoor” area that only needs a slab of concrete and a sliding garage door that operates correctly. But a garage is so much more than just a place …
Decks and Patios are two excellent options for creating a relaxing backyard space beside your home. They also serve as a beautiful place for family recreation, outdoor grilling, and other outdoor activities. Homes with these two features often have higher resale values and are more attractive to buyers than homes without one. If you’re stuck …
One of the greatest benefits to building a custom home is that you have the ability to tailor every inch of your unique living areas to your needs. This also means that you can customize your dream home to include ideal spaces for entertaining friends and family in your custom-built luxury home. Designing your new …
While the first-half of 2021 forced people indoors, many found the experience exciting since they had an opportunity to reevaluate their personal living spaces. They found that kitchens, living rooms, and even entire homes were falling behind current interior design trends, which led many to want to start over with their own dream home. It …
It can be daunting for you and your family after you first decide to construct your gorgeous dream home. With a modern kitchen aesthetic that matches natural textiles and other desirable additions, you can picture it in your head. However, it is challenging to begin the process of getting it on paper and into construction. …
Many are swept away by the dazzling houses they see families inhabit on Instagram and have been dreaming of owning their own custom home with special features of their own. From granite countertops and farmhouse wooden floors to marble sink basins and natural textures, families are ecstatic when they decide to build a home for …
While custom home design trends wax and wane, natural beauty remains among them as one of the most popular options. This sentiment rings true for modern interior and exterior living spaces. Many custom designers are incorporating natural textures and other materials into their design studios to give builders key design inspiration as they assemble your …
Custom home construction is an exciting adventure! Getting to choose where you live, what type of house you want and all of the little finishing details truly means your home can be unique to you and your family. But when it comes time to build your custom home, the actual process of making decisions can …
Building your custom dream home is an extremely exciting endeavor! When you’ve been saving up and making plans for any period of time it can be tempting to go all out and opt for every upgrade and perfect finish that you’ve always dreamed of. If that is affordable, then go for it! But sometimes when …