Buying a house is more than finding the right layout and landscaping; it's an investment for your future. While it's easy to get wrapped up in the aesthetic elements during your home search, taking a moment to look at the bigger picture will pay off in the long run. The trusted local realtors at Lawrence Realty, based in Red Wing, MN, suggest asking your real estate agent specific questions about your area's housing market to help you make the most educated decision.
3 Questions to Ask Your Local Realtor
Local realtors have in-depth knowledge of the communities they serve, including market trends of the past. By getting their help, you can use this wisdom to your advantage to find a home you love today and will have high resale value in the future. Before buying a house, ask your real estate agent these three questions to gather a clearer picture of your prospective home.
Which Areas Are Up-&-Coming?
Your real estate agent will point out areas that have seen recent increases in demand. If you time it right, you can purchase a home that will increase in value even before your planned renovations. Choosing an up-and-coming location for your home can result in financial gain.
What Are the Expected Property Value Increases?
Your real estate agent will provide you with the projected value increases for each zone or district in the community. These projections signify the expected increase in market value over the next five to 10 years. While the increases aren't set in stone, it's important to factor them into your home-buying decision.
Which Elements Are Most Desired?
While you probably have a list of features you want, you should also consider the desires of other buyers in your region. Items like hot tubs and fenced-in yards serve as selling points, and by purchasing a home with those features, you have a higher chance of selling it when the time comes. If your perfect home lacks these features, consider adding them yourself.
Before you decide to buy a house, contact the real estate agents at Lawrence Realty. For nearly seven decades, the agency has provided trustworthy advice to their Red Wing clients. Speak with a local realtor today by calling (651) 388-4745, and begin your house search by browsing through the listings on their website.