The decision on when to buy a house is based on a number of things such having the down payment, being in a financial situation to do so and watching the market so you know you will get the best house for the money. The same is true for individuals interested in selling a home. The market plays a powerful role in a number of decisions such as when to sell and how much to sell for.
Analyzing resale values makes perfect sense. Obviously, when you put your home on the market, you want to sell quickly and at a good price. For one thing, the location of the house is an important part of the equation. For instance, if you live on a quiet cul-de-sac in an area with mature landscaping, chances are you could ask more than for a house on a busy and noisy street.
In addition to the location of the house, your market analysis should include information on who is buying. In other words, are buyers in your area younger couples just starting out in life, are they senior citizens, or perhaps individuals looking for a bargain? By understanding the type of buyer, you can gear advertising and marketing in the right direction to help draw people in, thus increasing your chance of selling.
Then, you should also do some research to make sure your home is up-to-date. For instance, is the plumbing and wiring up to code, are the ceilings the old popcorn style from the 1970s, and so on. Once you have gone through the home and identified things that need to be changed, you can make improvements that will add value to the home. Even replacing an old bathtub or shower is an excellent way to make your home more appealing and valuable.
Finally, check out your local home improvement store to see what new trends are available. With this, you could choose paint colors that are hot sellers, install new appliances to styles people want, or put in different kitchen cabinets, again based on your market analysis of what sells. Depending on the situation for your home, you may need to make a small investment but you can be sure it would be money well spent.