Soulmate Gem
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How do you tell if a house will appreciate?

How Much Will My Home Appreciate? Local market conditions (such as housing supply, the number of prospective buyers in a given area, etc.) School district. Value of the land the home sits on. Market value of nearby homes. Location. Age and condition of the home, including any upgrades or additions made. More items... •

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How To Find A Home That Will Appreciate

When searching for a home, the most important thing is that you find a house that suits your needs. However, it’s not uncommon for buyers to also consider a home’s potential resale value as they house hunt. After all, a home is a big investment, and if you don’t plan on staying in the same place for the rest of your life, you want to be confident that you’ll be able to successfully sell the home when you’re ready to. Here are some features that home buyers commonly look for, which can translate to value appreciation for you.

Location

There are many ways in which a home’s location can impact its value. Being located on a main road with lots of traffic is typically bad for home values, while being located within a subdivision with little traffic has a positive effect on values. Additionally, the school district your home is located in can have a huge impact on your home’s value. Homes in good school districts come at a premium, even for those who don’t have children. Being located near undesirable features, such as a landfill or noisy train tracks, can also drag values down.

Condition

If you let your home slowly fall into disrepair, you’ll likely have a hard time holding onto value. Maintaining your home and making necessary repairs and updates is not only vital to keeping a happy and healthy home for yourself; it can also help to ensure that your home grows in value over time.

Renovations

Renovations can be a great way to make your home more valuable to buyers. However, it’s important to think about which renovations are highly sought-after in your real estate market, as some will be more valuable than others. Big projects such as kitchen remodels or deck additions are popular upgrades, but less obvious renovations, such as installing energy efficient windows or a brand new HVAC system, can boost value as well.

Curb Appeal

The first view potential buyers will have of your home is what they can see when they pull up to the curb, so it’s important to make that first impression count. Homes with strong curb appeal attract buyers and boost value. Fortunately, this is an aspect that can often be easily improved upon – think landscaping, a fresh coat of paint, exterior lighting and the like. Check out the Rocket Mortgage® Learning Center for more information on home buying.

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Is there a house for 1 billion dollars?

This real estate madness has been built by the boss of Reliance Industries: Mukesh Ambani. He is India's richest man, as well as the fourth richest man in the world. Along with his wife and three children, he moved into this house built-in 2010. The worth of the property is estimated at $1 billion.

In 2005, Mukesh entrusted the project to two famous American architectural firms – Perkins and Will and Hirsch Bedner Associates. The construction of the building will be carried out by the Australian company Leighton Holdings. As for the location, it was quickly found: The Altamount Road, in the very chic residential area of Cumballa Hill, south of Mumbai. There is an orphanage there, once founded by a rich Indian shipowner and which still welcomes about sixty children. Mukesh bought the property in 2005 for $3 million. This is well below the market value of the property, estimated at $20 million. A controversy immediately arose. The transaction was in fact made in violation of many rules. Starting with the one requiring the agreement of the charitable foundation that had once donated the land, which was in theory inalienable. However, this foundation was not consulted. The government of the state of Maharashtra, of which Mumbai is the capital, tried to oppose Mukesh Ambani’s project. But it got rejected in the High Court, as the entrepreneur has meanwhile reached an agreement with the religious foundation. In 2008, Antilia’s work can finally begin. Two years later, the work was completed. During this same year, Mukesh Ambani finally reached an agreement with his brother Anil In order to inaugurate his new residence, the Indian tycoon gave a whole party in honor of this “Taj Mahal of the 21st century”. Bollywood Preity stars Zinta and Aamir Khan attended this inaugural party, as well as novelist Shobhaa De. According to the Times of India, the ballroom was so sumptuous and immense that the ballroom at the Palace of Versailles was a mere shadow in comparison.

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Find a positive distraction Pick up a book. Put on some music. Watch a favorite movie. Talk to a friend. Head out for a walk or jog.

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