Location, Location, Location! This phrase has been in use at least since 1926 and is just as relevant now as it was then. The location of your home will impact your everyday life and your home’s future value. A great neighborhood will help you sell your home faster. In addition, your home will sell at a very good price. As a result, you will make a good profit.
Factors To Consider In Choosing A Great Location
Geographical Location
When first looking at a location, consider those things that are most important to you, such as the climate, job opportunities, proximity to family, and average home values. You are going to live in this area for a long time. So, make your decision wisely. To add to that, it will sell faster when the location is close to a buyer’s job and family.
Security of The Area
For many people, safety in a location is their top priority. You will find that houses in high crime areas are much less expensive. That said, is any savings worth potentially becoming a victim of a crime? Moreover, when it is time to sell, you will have a much harder time finding a buyer. Most home buyers go for the safest locations.
The Neighborhood
Even in a small town or one location, different neighborhoods can have drastically different characteristics. You want to select an area where you feel comfortable around your neighbors. You will also likely want to live near the places you visit often, for example, your job.
Nearby Schools
Even if you don’t have children, accessibility of schools is a very important consideration. The quality of the schools can impact future home value. Parents will often pay a premium to live in an area with really good schools. Think long and hard before buying in an area with sub-par public education.
Employment Opportunities
A long commute can have a negative impact on your quality of life. Additionally, you have to consider the possibility of a change in employment status. Does the area you are looking at have job opportunities in your area of expertise? Long drive times are not for most people.
Leisure Activities
What kinds of things do you and other family members like to do? If you like going out to eat, the movies, or even miniature golf, buying a home with few nearby leisure activities may not make a whole lot of sense.
Access to public transport
In major cities, the farther you live from the bus or other types of mass transit, the less valuable the home. A good location means being very close, and having easy access, to public transportation. In some towns, where a commute by car is inevitable, easy access is best.
All these things matter when you’re considering the location of a home for sale. But never lose sight of what matters most to you about. Call us today to find you the best area to buy property.