When you have the power to custom-build your home, the sky’s the limit on what you can do. You can let your imagination run wild, creating a castle-like exterior with unique interior embellishments. You might love your turrets, but when the time comes, will you be able to sell your home with those beauties intact? Sometimes, it’s best to focus on the resale value of the home rather than your fantasy dream home.
At some point, you’ll end up selling the house. That may be decades from now when you retire, or it could be an unexpected move in the next five years. Either way, you want to get the maximum value out of the house, and certain structural designs can devalue a home. It might be something you love, but if you don’t find a buyer with your specific taste, you’ll lose interest.
Of course, there are many ways that you can include your own personal touches throughout the place without hurting the value. You can paint the rooms in virtually any color and style you wish. Home décor items and removable embellishments can also make your home feel more unique. These things allow you to express yourself, but can be removed or easily renovated when it comes time to sell.
On the other hand, large structural designs aren’t as easy to remove. When it comes time to sell, finances will likely permit you from removing them, and you may find yourself dealing with a property on the market for years.
This isn’t something we want for our clients. We encourage you to design your dream home however you wish, but it doesn’t hurt to keep some of these important resale value factors in mind.
1. Amenities that Attract Buyers
You’ve likely engaged in the process of building a custom home because you love the idea of creating something that nobody else has. You want the “wow” factor that’ll make your home really stand out. This “wow” factor is usually found in the amenities, not the structural details. It’s these factors that will attract buyers.
For example, a current, and probably long-lasting trend in home construction is the use of smart home technology. This tech connects devices and home functions across a wireless network, allowing you to program your thermostat, turn lights on and off remotely, play music from an integrated console, and perform similar tasks. When you have a home with this kind of tech, it’s an immediate attraction for home buyers.
Other amenities that interest potential buyers are things like decks, pools, and outdoor hot tubs. People can envision themselves living comfortably when your home offers these types of conveniences.
2. Landscaping that Improves Curb Appeal
The first impression means a lot to potential homebuyers, and it should mean a lot to you too. You don’t want people to walk to your door without noticing something beautiful and amazing about the yard and home’s exterior. According to psychology, people make their opinions about something within the first 15 seconds of viewing it, and your home is no different.
Hire a landscaper to work on the yard. The design should be something that matches the home and fits in with the neighborhood. Green, freshly mowed grass, shrubbery, flower pots, a paved walkway, and other landscaping art can make a huge difference in the first impression.
Low-maintenance landscaping is just as important as beautiful outdoor design. Most home buyers can spot a high-maintenance yard from a mile away, and they’ll be uninterested in the expensive upkeep. Make the yard look effortless and affordable, but high-class and breathtaking.
Other elements of curb appeal involve your home’s exterior. The front door, for example, leaves a lasting impression on buyers. A front door that makes a statement with a bold color or unique design can give a plain house a daring look. Beautiful siding and a well-maintained roof will also contribute to the first impression you’re hoping to nail.
3. Size and Layout
People love square footage, but that doesn’t mean they need a mansion. Home ownership has actually decreased over the last few years, and people aren’t as interested in large homes anymore. Homes between 2,000 and 3,000 square feet are most popular and are easier to sell when the time comes. The upkeep is lower, yet it has adequate space for the typical family.
The layout is perhaps even more important than the square footage. A 3,000 square foot house can seem tiny and unmanageable if it’s not designed appropriately. The open-concept layout is extremely popular right now. Larger bedrooms and at least two and a half bathrooms will also bring in a crowd. People like their personal space and the ability to shower in peace.
4. Renovations and Updates
There’s no need to spend thousands on renovations, but some simple updates here and there can make a big difference. You might design your custom home with this thought in mind. For example, many people choose to go with an unfinished basement. When you resell your home, the basement can be finished, bringing in more value.
Keep in mind, as well, that many features of your home won’t last forever. Windows and doors, for example, usually need to be replaced about once every 10 years to maximize efficiency. The roof and siding will also need to be updated every couple of decades. Maintaining your home and keeping it up to date will show potential buyers that the home has several more decades of life left to give.
5. Neighborhood Conformity
Nobody wants to hear this phrase when they’re working on a customized home, but it has to be said. Fitting in with the neighborhood is a resale value must. People don’t want to live in a house that sticks out like a sore thumb in a neighborhood of houses that, more or less, look very similar. There must be some element of conformity that shows your house belongs amidst the others. This is a big part of the location attraction, which is the number one pull for home buyers.
This is particularly important in areas with a homeowner’s association (HOA). These associations exist to create a certain level of conformity that keeps neighborhoods looking great. Your HOA may have specific restrictions on a newly built home’s appearance, and if you adhere to these, it will likely help your property values in the long run.
Get Expert Design Advice from Parker Built Homes
At Parker Built Homes, we understand the desire to build your dream home out of nothing. We want to help you make this a reality, and our expert contractors can advise you on the design with the best fit. We’ll go over the functionality of your design plans and keep you closely involved throughout the entire construction process. Our years of experience and customer-centric methods will lead you to the home of your dreams. For more information about what our home contractors can offer, contact us today!