When buying a home, most people are concerned with how a given property will suit the needs of their family. Some are concerned with square footage while others are seeking proximity to particular schools within a district. Some want a view while others prefer to have restaurants and shopping nearby. But one thing that few homeowners take into account when buying a home is the potential for resale value to increase. We all know that we will gain equity in property over time, provided we make our monthly mortgage payments, maintain the structure and grounds, and hold out for a seller’s market. But there’s no getting around the fact that certain home purchases are bound to show a greater return on investment over time for a variety of reasons. So here are just a few things you’ll want to think about when it comes to your home purchase and your prospects for future sale.
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