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Buying A Million Dollar Home

Joy Mergen provides information and current listings for a complete range of Tucson neighborhoods, including new construction and existing homes, properties on or near golf courses and within gated communities - valued over a million dollars.

Buying a Home With a View
Homes with amazing views of the horizon often sell at a premium above similar homes without the view. When a view is important to you, buy it mostly for your own pleasure and not as an investment. Though you may place a considerable dollar value on the view, future buyers may not be so like-minded. It may take you longer to find a buyer when it comes time to resell the house. Or you may end up dropping your price to match other sales prices in the neighborhood.

Joy Mergen will help you are buy a house with a view, paying as little extra as possible, ensuring that you get your money back.

Lot & Landscaping
Real estate value is usually concentrated in the building, yet the lot is extremely important, as well. Obviously, the lot should be as level as possible. Many properties is in a typical neighborhood offering homes over a million dollars are not typical rectangular lots and should be carefully scrutinized as to the resale value for odd shaped or oddly situated lots.

Yard sizes are typically smaller in modern homes than in older homes, but there should be a decently divided sized front and back yard. Purchasing an over-landscaped property may create a premium for that, which you may not be able to recover when you sell. You will get your best value if the house is moderately landscaped or under-landscaped for the area. You can always improve the landscaping during your ownership by improving the grass and adding bushes and trees.

House Size
In each residential neighborhood, houses will vary in size and rooms, but they should not be too different. If resale value is an important consideration, you should not buy the largest model in the neighborhood. When determining market value, the homes nearest to yours are most important. If most of the nearby houses are smaller than your house, they can act as a drag on appreciation.

On the other hand, if you buy a small or medium house for the neighborhood, the larger homes can help pull up your value. This is one of those times where determining your "wants" versus your "needs" can be extremely important. Buying what you need in a more prestigious neighborhood may provide more financial reward than getting what you want in a less desirable neighborhood.

Bedrooms & Bathrooms
Three and four bedroom houses are the most popular among homebuyers, so if you can stick in that range you will have more potential buyers when it comes time to resell. Five is okay, too, as long as you do not have to pay too much extra for the additional bedroom.

Most of the homes in Tucson listed for sale in this price range have at least two bathrooms, and generally at least two and a half. One bathroom with a place to wash up for day-to-day visitors, one for the master bedroom, and at least one to be shared by the other bedrooms.

Closets, Garages & Laundry
Walk-in closets are extremely desirable and a common feature for the master bedroom. For the rest of the house, Joy will help you seek out a home where there is plenty of closet space and room for linens and towels.

Garages add to the resale value and you should always make sure to get at least a two-car garage. Lately, three or more car garages have become desirable in some areas of the country.

The laundry facilities should be located somewhere convenient on the main floor of the house, but not in a place it will create an eyesore. Think about whether you want to walk up and down stairs when carrying loads of laundry.

The Kitchen
Family activity centers around the kitchen, so this is considered the most important room of the house. Larger kitchens are better, and should be provided with modern appliances. Obviously, the dining room and breakfast nook should be located adjacent to the kitchen. In newer houses, the family room is generally close to the kitchen. 

Having easy access to the back yard can be important as there will be occasions for barbecues and outdoor entertaining. In addition, it should be a short trek between the garage to the kitchen so bringing groceries in from the car is convenient.

Fireplaces
The most popular room for a fireplace is the family room. A fireplace in the living room, outdoors in the back yard and even the master bedroom are nice. Some home listings show as many as four fireplaces.  These act as focal points and do not always add much in real value.

Swimming Pools
Swimming pools tend to provide less added value than they once did. Safety issues with younger children have become more publicized than in the past, and families with small children tend to avoid homes with pools. As a result, having a pool may actually reduce the number of potential homebuyers when you try to resell the home. Buy a home with a pool for your own enjoyment, not as an investment.

A wise word of advice: If you want a pool, buy a home that already has a pool. Paying a contractor to install one is not a wise option. It is unlikely that you will get a dollar-for-dollar return on your investment

Joy Mergen Has the Information You Need

When it comes to real estate Tucson is a competitive market and listing can change daily. Pictures depict area homes and may not be for sale. Info deemed reliable but not guaranteed. Joy Mergen stays on top of it for you, offering you the most comprehensive and current directory of Tucson real estate listings you'll find anywhere. Take a look. She will send you current listings by E.Mail. Joy has the information you need for buying or selling Tucson real estate valued at over a million dollars.

It is an ever-changing exciting time in the Tucson real estate market. Let Joy do the work helping you find the home of your dreams.
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