Many first-time home buyers go shopping for a home thinking that they’ll find the perfect house and live in it happily ever after. It just doesn’t work that way. Even if a member of your family doesn’t get a job halfway across the country, it’s likely that you may want to change school districts, find a home with different amenities or move closer to family. Simply put, odds are that you’ll move at least once every five years.
As you look at homes, think long and hard about whether you’ll be able to sell it later on. For instance, is the design dated? There are plenty of homes that just scream “1970s” when you walk in — you might like that aesthetic, but it’s going to be harder to sell, without significant changes. (The current seller may be finding out just that, as well.)
A key question is whether you’ll need to do significant work on the house after you’ve lived in it for five years, or so. If the kitchen is brand new right now, it probably won’t need much effort to get it ready in a few years. But if the kitchen is already starting to seem a bit dated — older appliances, cabinets showing some wear — you may need to prepare yourself to spend some money down the road. You may be planning for such a remodel anyhow, for your own use of the kitchen, but a fairly new kitchen is practically a requirement when you plan to sell.
There are certain amenities that may be a must have today, but will make a house harder to sell down the road, as well. Consider the bathtub: there have been plenty of trends, such as whirlpool tubs, when it comes to bathtubs. And there’s plenty to be said for whirlpool tubs — they can be a nice luxury. But it’s much harder to sell a home with a whirlpool tub these days. Parents worry about their children’s safety, efficiency-minded buyers worry about the amount of water need to fill the tub, etc. You can always change out a tub down the road, but these sorts of amenities cost money, both to install and to remove.
Selling your future home shouldn’t be your primary concern when you are house hunting. However, it is a factor that you should take into account, just as you consider your wish list of amenities
in your new home: you may be willing to make significant changes to a house to make sure it meets your needs. Are you willing to make that level on investment in order to make sure that it also meets the needs of prospective buyers down the road?
