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Design Your New Home With Resale in Mind

This week’s excerpt from: Right From the Start: Insights Into Building and Remodeling Your Custom Home, discusses the importance of keeping resale in mind while designing your custom home. It is necessary to find a balance between your wants and needs and market appeal. Your builder and designer can be sources of guidance for finding that balance. Read below to find out more and be sure to check back next week for more insights!

Part 1: Before You Build

Chapter 14: Design Your New Home With Resale in Mind

Who thinks about resale value when building or remodeling a home? While it may seem odd for a person who’s building to think about selling it, it’s important to address what you want and what the market wants even in the initial planning stages. If you’re not careful, you may design your dream home and find that no one else will buy it later!

Most people who build or remodel custom homes are financially sound. For the most part, they are able to build beautiful, quality homes because they’ve been making good financial decisions for many years. As you go through your design process, be certain you get wise counsel from your builder, designer, and possibly a real estate salesperson to be sure you’re not building a home that only your family will like. Balance your wants and needs for the home of your dreams with potential market appeal for future resale.

You are probably not building your dream home as a spec home (a home without an end buyer before construction begins, generally built with an intended profit), so be careful not to include design features that are not what the broad market is asking for. An experienced builder will guide you through the design process and help protect your investment. Once you have the facts, it’s your responsibility to make your own design decisions. If you proceed to design and build a home that only appeals to a very narrow market, then at least you are aware of that (and the consequences) in the early stages of the design process.

Sometimes homes linger on the market for a long time because a homeowner made design decisions without taking into account the long-term resale effects.

BOTTOM LINE

Find the balance between what you want and what the market wants.

Hours

Monday8:00AM - 4:30PM
Tuesday8:00AM - 4:30PM
Wednesday8:00AM - 4:30PM
Thursday8:00AM - 4:30PM
Friday8:00AM - 4:30PM
SaturdayCLOSED
SundayCLOSED

CONTACT US

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Bob Michels Construction, Inc.

5959 Centerville Road,

Suite 250B,

North Oaks, MN 55127

Phone. 651-653-1210

Email. info@bmichels-const.com