Will Your West Knoxville Home Hold Its Value?

3400341473_718ed60456_zWhen buying a West Knoxville home, there is a lot to consider.  Like most buyers, you will want to be getting a good deal in the current market, that you find a West Knoxville neighborhood that fits yours needs, and that home has exactly what you are looking for so that you can truly call it “home.” But, have you considered if your West Knoxville home will hold its value? Here are a few signs that your home will.

  1. Your West Knoxville neighborhood’s location is key. They say real estate all comes down to one thing: location. So regardless of what is going on with the West Knoxville real estate market, location will play a big role in maintaining your property’s value. While the  home you buy may have many appealing amenities, it is important to consider the good and the bad aspects of the location. A busy street may not be as appealing as a quiet one. A neighborhood that is close to everything may be more appealing than one that is out of the way.
  2. You buy a home in a good school district. Good schools always help maintain housing values. Regardless of what the housing market is doing, people will always want to buy a home in a good school system.
  3. You buy a  home that fits a broad range of buyer’s needs. When buying a home, it is important to consider if it will be appealing to buyer’s when you choose to sell your home down the road. The key here is to try to avoid anything too extreme. A good floor plan, traditional style, good curb appeal, and keeping your home in good condition will all help maintain the value of your home and make it appealing to potential buyer when you do decide to sell your home.

While it is not detrimental if you do buy a home with one of these aspects, it is important that the value of the home reflects the defect, the home suits the rest of your needs, and when it is time for you to sell your home, you take into account the things that hurt its value.

Are considering buying a home in the area? Please let me know if there is anyway that I can assist you in your home search, you can give me a call at 865-696-9002 or send an email to Rick@TheBigOrangePress.Com. Also, be sure to check out my West Knoxville Neighborhood Page and Knox County Area Schools, to learn more about neighborhoods and schools in the area.