1. Location: The neighborhood's desirability, proximity to amenities such as schools, shopping centers, parks, and accessibility to major roads and highways can greatly influence the resale value of a home.

2. Condition of the Property: Assess the overall condition of the home, including the age of major systems like the roof, HVAC, plumbing, and electrical. Any needed repairs or renovations can impact both the current price and future resale potential.

3. Comparable Sales: Your real estate professional can prepare the CMA (comparative market analysis) for your favorite home. It researches the recent sales of similar homes in the area to gauge the market value and trends. This can help you understand what price range is reasonable for the resale of the home in the future. The final offer amount is always deferred to the buyer, however, the CMA gives a guide to the buyer how much more or less they would like to offer.

4. Market Trends: Stay informed about the real estate market trends in the specific Texas region you're interested in. Factors like supply and demand, job growth, and economic conditions can affect resale values. Sign up to receive exclusive market trends and data!

5. School District Quality: Even if you don't have children, the quality of the local school district can significantly impact property values. Homes in highly-rated school districts tend to maintain their value better over time.

6. Crime Rates and Safety: Check local crime rates and safety statistics to ensure you're comfortable with the neighborhood's security, which can influence resale value. Spotcrime.com will search the address or zipcode and give you the crime details.

7. Home Features and Upgrades: Consider the features and upgrades of the home, such as a renovated kitchen, energy-efficient appliances, or smart home technology. These can attract buyers and enhance resale potential.

8. Homeowners Association (HOA) Restrictions: If the property is governed by an HOA, review its rules and restrictions. HOA fees and regulations can affect the appeal and resale value of the home. If you wish to use your home for Short Term Rentals also known as vacation rentals like airb&b, vrbo etc. make sure that the HOA approves this particular use. It can be a deal breaker when purchasing a home with this purpose in mind.

9. Property Taxes: Understand the property tax rates in the area, as they can vary widely across different Texas counties and impact the ongoing cost of homeownership and attractiveness to future buyers. In Texas, property taxes are based on the assessed value rather than the purchased value of the property. Each county assesses the value of the homes within its jurisdiction.

10. Future Development: Research any planned developments or infrastructure projects in the vicinity. New developments can either enhance or detract from the resale value of the home, depending on their nature and impact on the neighborhood. Look out for new freeways, toll ways built. Also, look out for new shopping centers or commercial centers built to understand the progress.

If you would like a CMA for a property you are interested in or would like to know the value of your current home, please reach out to me at heenachow@gmail.com or 713.443.4185.

Always here to help you!

Thank you,

Heena Chow