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Russ Ravary
Best Cities to live in Detroit suburbs
REALTOR®
(248) 310-6239
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Buying a Home With Resale Value

 

There are many things that should be considered when buying a home. Since most homebuyers expect to buy a bigger and better home someday in the future, resale value is an important factor in decision-making. You use the proceeds from selling one home to buy the next one.   When you put up your Michigan home for sale you want it to appeal to the broadest base of buyers as possible.  That way it will sell quicker.

While no one can guarantee that your home will grow in value, there are steps you can take that maximize your potential gain.

Location, Location, Location?

"Location, location, location," is one of the most important items for resale.  there are items and things that add to the value of a home, and items and things that detract from the value of a home.

The idea is to buy a house that will appeal to the largest number of potential future homebuyers. A careful choice of location can minimize potential negative influences on future resale value, and maximize positive influences.

Focusing on resale value requires you to make several different "location" choices. The first choice you have to make is "which city" and then within the city " which subdivision" or "what area".  Items such as nearby roads, noise, commercial properties, and maintenance of the neighborhood all affect value because of the location of the home.

Other items that affect value are

Homes with Basements sell better than ones on crawl spaces, or slabs
2 bedroom homes limit you to buyers with only one child or a single person.
A swimming pool limits the "buyer pool"  
An odd room layout will limit the "buyer pool" and resale 

You want to be able to sell that Wayne County Home to buy a bigger and better Michigan Home whether it is an Oakland County Home, Livingston County Home, or Washtenaw County home.  

 

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Search for Oakland County lakes by size, making it easier to find exactly what you're looking for. 

Consider these lakes when searching for your next home : Townsend Lake & Bullard Lake

 

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/13/2026. The listing information on this page last changed on 03/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/13/2026 12:19:24 AM EST) or RealComp MLS (last updated Fri 03/13/2026 12:16:05 AM EST). Real estate listings held by brokerage firms other than Russ Ravary may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: Licensed Michigan Realtor


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