An Exit Strategy…
In business we talk about an “exit strategy”. This means that when you begin your business it is wise to envision the day you sell that business – the goal would be to sell a business that is more valuable than the one you purchased.
You can approach a home purchase in a similar fashion. Buy low and sell high – right?
On the surface, this sounds very simple. But, let’s set aside the price of a home for a moment and consider some finer points that often come up on a home inspection – concrete driveways for example. Many Utah driveways are in rough condition. Now, a driveway in rough condition may not affect your pleasure in owning and living in your home, BUT, when you go to sell your home, it has a driveway in a rough condition. As such, the home you are now selling is not worth so much. From a business standpoint, you have a liability – a driveway in rough condition.
This is why just about everything is important when purchasing your next home.