It might seem preposterous to think about selling a house you haven’t yet purchased, but experts recommend planning ahead. Many buyers don’t factor in features that could affect a home’s resale value, like number of bedrooms or whether it has a garage or basement, or if the home will suit their future needs, which is a common mistake.
“So many first-time buyers say they aren’t thinking of children now, so school districts aren’t a consideration for them,” Grant says.
Even if you’re not planning to have children, she says a home’s location within a coveted school district often leads to a higher resale value down the line.
What mistakes did you make as a first-time homebuyer? Tell us about your experience in the comments section below.