Do you know how important the location is when buying a home? Buying into a good location can significantly boost the resale value of your home. Not only will you profit more from the increased value, but you’ll have an easier time selling it as more home buyers are willing to buy it. But if you decide to purchase a home in a less searched for location, expect your resale value to be a lot less. Let’s go into detail over the 5 neighborhood criteria that can boost the resale value of your property:

1) Local School District – Higher rated public school districts increase the demand for homes in that community. If you plan on sending your kids to the local public schools, you’ll want to put this at the top of your criteria for the ideal neighborhood. If you’ll be using a private school for your children, this feature may not be so important.

2) Crime Rate – Low crime rates are definitely a plus. Smaller cities tend to have a lower crime rate compared to the larger cities, however the tradeoff is you’ll spend more drive time getting to work and other places.

3) Local Amenities – The quality of shopping, activities, and other local conveniences can also affect the desirability of the neighborhood. Areas with a good variety of local stores and activities tend to raise the resale value of your home.

4) Square Footage of the Home – While it may be tempting to buy a home with the largest square footage for the money, be aware that a large home situated in a community of smaller homes tends to appreciate slower. Most home buyers attracted to that community will be searching for smaller sized homes to fit their budget. Buyers who want a larger sized home, will prefer to purchase one that matches the surrounding community. Homes with an unusual remodel can also stand out like a sore thumb.

5) Is The Community A Diamond In The Rough? – Is the neighborhood going downhill or it is starting to show signs of improvement? A good sign is if you see new trendy stores opening up and home buyers investing money to remodel their homes and landscaping. Buying a home during the early redevelopment phases of a community will increase your chances of earning larger profits when you sell. You can also call the local city planning department to see if the community is undergoing a renovation.

Are you searching Orange Homes For Sale? Then check out these local Orange realtors to help you find one.