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2019-04-18 11:26:43
How To Pick a House That Will Increase in Value In Tooele UT
Tooele UtahHow to Pick a House that will increase in value is everyone's dream. And why not? Buying a home creates the largest single asset most folks will have their entire life.  It should gain value. 

Now, before we get into a few helpful tips about how to do that, let me make a couple of things very clear.

  1. There are no guarantees in Real Estate:
  2. I don't give and this should NOT be considered investment advice:

Having said that, let's get on with it.

Your home is usually the most important and sizable investment you will ever make. With over 200 Tooele County  homes listed for sale, you can be faced with a ton of decisions. Whether you’re buying a starter home or the home of your dreams, you can’t afford to invest in Tooele real estate that won’t steadily increase in value over time.

In order to assess a home’s potential and maximize your profit when it comes time to sell, we’ve compiled a list of five helpful questions to ask when choosing property to purchase in Tooele UT. 

Probably more accurately this is a list that can be used to compare one property against another with regards to which one has the best chance and greater upside potential among those you are considering.

  1. Are businesses investing locally? Ask your potential neighbors about new businesses in the area and check the local papers. If businesses are investing, it’s a good sign that the neighborhood will continue to enjoy financial stability.
  2. What amenities are in the area? Buyers will pay a premium to be near amenities such as parks, civic centers and swimming pools. If current amenities are lacking, ask if there are any plans for future development. If not, it might be better to consider a neighborhood with more to offer.
  3. Does the neighborhood look like it’s being maintained? It’ll be tough to ask top dollar for your home, no matter how well you maintain it, if the neighborhood looks like it’s in decline.
  4. Are there a lot of foreclosures and rental properties? Be wary of neighborhoods seemingly devoid of homeowners. If other buyers aren’t actively investing in the community, home values are likely to decrease.
  5. Is there an active homeowner association or neighborhood organization? Communities with active residents tend to have the most growth potential and therefore the most stable home values.

 

Whether you plan to stay in the home for just a few years or for the rest of your life, don’t jeopardize your financial future by investing in Tooele County real estate that has little prospect of improving in value.

If you’re getting ready to buy a home and want to make sure you find one that is a solid investment, I can help.

Please call me at 435-840-5029 for more information or assistance with learning how to pick a house that will increase in value in Tooele UT.

One more thing, it would be a good thing for us both if you would check out our website at Tooele Real Estate.

Thanks and good luck!

 

 
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