Seriously. He recently wrote a blog post titled 4 Ways to Make Money Off Your Next Home. My listing at 6695 NW Monticello Drive in the beautiful Hills of Monticello in Parkville, MO meets all of his criteria (and it has some bonus points too)!
1. Choose a Desirable Location. Parkville, Missouri is totally desirable! Great restaurants, fantastic golf courses, phenomenal school district, awesome parks and trails, and more!
2. Buy Low for the Neighborhood. 6695 NW Monticello Drive is priced at $297,000. The average sales price of homes in the neighborhood over the past 12 months is $360,612.50. There are currently 4 homes priced at or above $400,000 right now.
3. Look Past the Surface. The main components of this home are in great shape, but some buyers think it could use a little updating in the kitchen and bathroom areas. Make 6695 NW Monticello Drive your own by purchasing on the low end of the neighborhood and making some cosmetic updates over time.
4. Use an Expert’s Eye. The Hills of Monticello is a smaller subdivision located near I-29 and 64th street with about 150 homes, a private pool and clubhouse, and a park area. The subdivision only has one entrance/exit so it’s a very quiet, great place to live! There haven’t been any distressed sales (short sales or foreclosures) in recent history, and the average days on market is 66 days so homes are selling well in the Hills of Monticello. Adding granite to the kitchen and updating the bathrooms should provide some instant equity for a buyer!
5. Bonus Points! 6695 NW Monticello Drive is located in unincorporated Platte County so residents do not have to pay e-tax if they do not work in the city of Kansas City. The home has a composition roof (it originally had wood shake) and is getting new exterior paint soon! The home is situated on a corner lot and has a patio with built-in grill. The walk-out basement is partially finished and has a HUGE shop area that is perfect for woodworking.
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