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Resale Value |
Does the home have resale
value and how important is it to you?
Although we generally think that a home is an investment
that will grow in value over the years, this is not always
a guarantee. A mansion in a neighborhood of small homes
will have a lower resale value than a small home nestled
amongst larger and more affluent homes. You need to ask
yourself how long you plan to live in this home. If you
plan on staying to rear a family, resale value may not
be of high importance. However, if you are single and
plan to move in a couple of years, this is something you
will need to think about. Generally we live in our homes for
about 5 to 7 years.
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