- Location. Homes in desirable areas with good schools, low crime rates, and convenient access to amenities like shopping and entertainment tend to hold their value well.
- Condition of the home itself. A well-maintained home with modern updates and a functional layout will be more appealing to potential buyers.
- The state of the local housing market can also impact a home’s resale value. In a strong market with high demand and low inventory, homes generally sell quickly and for higher prices.
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June 16, 2023