There are many reasons why location is key when it comes to real estate, but the main reason is: value. If you happen to purchase a home within a high crime neighborhood, you can bet that the actual value of your home will be much decreased. However, if you purchase a home within an established neighborhood, you will find that your home investment grows over time. Additionally, if you intend to sell your current home, you will find that homes within great neighborhoods tend to sell much easier than home that are inside of dangerous neighborhoods.
When a home buyer looks for a house, they look for homes that have potential all around. A home must look good inside and out, and it also must be located within a good area. So, what makes one neighborhood better than another? Well, just look around. If you find a home that is situated within an area that is close to shopping and contains schools, parks, and water front property, you may have found a winner. Then again, taking a peek at some neighborhood statistics can't hurt either. I always recommend that my clients drive around the neighborhood during the day and into the evening.
Take the time to do your research before you buy a home. Find our what the crime rate is within a neighborhood, check with the local police. Find out what kinds of people live within the neighborhood. Also, you may want to check on building and zoning laws within the area, just in case you want to build onto an existing home.
All of the above things are equally important when it comes to finding that great location. You can really use your own common sense to judge a nice neighborhood, but make sure to check those statistics anyway (you never know). If you intend to buy a home within an area that may turn into a nicer neighborhood in the future (for investment purposes), double check those statistics before you take this gamble.
Now that you know why location is so important, you can easily begin to eliminate homes that do not fit the bill. While you want a home that you will be happy to live in, make sure to find a home that can be quickly sold if need be. Remember that every home is an investment, so make sure that your home fits your needs. I always share with clients the good old 80-20 rule, if it is 80% of what your looking for then buy it, you are responsible for the remaining 20% to make it the perfect home...
For help buying or selling a home, contact:
For help buying or selling a home, contact:
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
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