5 Smart Ways to Maximize Value When Buying a Home
Buying a home is a huge investment, and it’s natural to want to make the most of it. Whether you’re thinking long-term resale or just want to make a smart purchase for your lifestyle, here are a few ways to get the best value out of your home.
1. House Hack with a Multi-Unit Property
One of the best ways to make homeownership more affordable is by buying a multi-unit building, living in one unit, and renting out the others. The extra rental income can help offset your mortgage, making homeownership way more manageable. Even if being a landlord isn’t your long-term plan, it’s a great way to get started. There is a huge opportunity for this in San Francisco at the moment with excellent deals on multi-unit buildings.
2. Think Ahead: Buy More Bedrooms If You Can
If a one-bedroom works for you but a two-bedroom is comfortably within reach, it’s worth considering. More bedrooms usually mean better resale value and a bigger pool of future buyers when it’s time to sell. Having the extra space will provide more value to you as well – think guest bedroom, office, gym, den or movie room.
3. Think Long-Term About Layout & Features
Not all home features hold their value equally. Open floor plans, good natural light, and functional layouts tend to stay in demand. Storage, in-unit laundry, and parking can also be game-changers for both daily living and future resale. Think about what will make your life easier now while also appealing to buyers down the road. Parking comes at a premium in San Francisco, and homes without parking generally take longer to sell.
4. Be Open to New Neighborhoods
San Francisco has so many unique micro-neighborhoods, but buyers often get stuck on just one area. Being open to different neighborhoods can lead you to a place you love even more—sometimes with better value for your budget. And since SF is such a small city, you’re always a short drive, walk, bike or Muni ride away from your favorite spots.
5. Consider the Value to YOU
At the end of the day, this is your home. You’ll be waking up in it every day, so it should make you happy! Even if a layout seems quirky to others, if it works for you, that’s what matters. Homebuying isn’t just about making a smart financial move—it’s also about finding a space that fits your lifestyle. Remember that real estate is an investment, but it’s also your home.
Getting great value in a home isn’t just about price—it’s about making choices that work for both your present and future. Whether that means rental income, smart resale potential, or just loving where you live, it’s all about finding the right balance.
Have questions about buying in San Francisco? Reach out to learn more.
