I am in the middle of buying my first home and i only wont it to make a profit. i wondered if anyone knows of a website i can look at that will give me advise?, in regards to selling points and room sizes and where is best to have a bathroom (upstairs or downstair) that sort of thing !
2006-10-30 22:31:19 · 5 answers · asked by lucyandtj 2 in Home & Garden ➔ Other - Home & Garden
Unless you are planning to move the bathrooms it shouldn't make much difference if they are upstairs or downstairs. If that is a factor, then you will be paying for it in the beginning.
House prices usually depend on the location and size of the house. Things like bathrooms and kitchen don't add much to the value of the home, but might make them easier to sell.
It's usually not a good idea so spend too much money on appliances and interiors if you plan to sell the house again but little touch-ups can help to sell them faster.
When you buy, make sure there are no major changes planned in the neighbourhood that could affect the prices. Check with the real estate agents to find out what areas are most popular and avoid buying in an area where there are many properties up for grabs.
Remember that if you are not going to live in the house and only buy it to sell it for a profit, Mr. Taxman is going to want his share :)
2006-10-30 22:39:24 · answer #1 · answered by IC 4 · 0⤊ 0⤋
well if you are in the middle of buying theres not much point in me advising on what to look for in a potential investment property. if you renovate the house with luxury features and high quality finishes you will of course increase its value, however i know from experince that its hard to do this without spending at least the same amount to actualy do the work. when you are selling make sure that the house presentation is not to personal to you. that way you will get the greatest amount of interest from buyers. my advice is to rememebr that with taxes, legal fees etc involved in buying and selling that its not worth selling too soon after you buy. pay as much mortgage as you can afford each month so you have less to repay to the bank when you do sell. consider building an extension. this is costly but generally adds at least the cost of the extension to the value of the home (if it is done thoughtfully and with high quality finish).
2006-10-31 06:39:25 · answer #2 · answered by duncan 3 · 0⤊ 0⤋
This doesn't exactly answer your question but this website tells you the prices of house sales in any particular area over the last 5 years. It may help you to decide whether houses in a particular area are making (or losing) money.
www.houseprices.co.uk
Hope this helps.
2006-10-31 06:38:30 · answer #3 · answered by pete_ramsden 2 · 0⤊ 0⤋
try this site it has tons of advice about lots of things
2006-10-31 06:38:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you are in UK, 'Which' magazine is your
best bet. 'Which' is free from any bais.
2006-10-31 06:38:31 · answer #5 · answered by nomad 4 · 0⤊ 0⤋