You will always hear real estate agents and brokers repeating the mantra “Location, location, location” (Yes, it has to be said exactly three times.) What is so important about the location of a property you are buying? If you are new to home buying, you are probably confused about the stress placed on the location of a property and how best to ensure that you get the best located home possible.
You Can Change the Inside, But Not the Outside
You can remodel a home according to your requirements, add granite counters in the kitchen, put in a new roof and even knock the whole thing down to make a new house, however, you cannot change the place it is located in. If the home you buy is located in a less-than-pleasant neighborhood with noisy and problematic neighbors and the nearest school is accessible after a commute of an hour, you probably chose a very bad location.
Most first-time home buyers who have chosen unwisely usually find themselves selling their first home to look for one in a better location. Buying a good home can help you save money; buying a bad home can waste money. Don’t make that mistake.
Resale Value
Many home buyers only consider their immediate concerns for buying a home like the interior, the appliances and décor so they neglect to keep the long-term implications in mind. A few years down the line, you might want to sell the home for an even better one and the location will play a crucial role in determining the sale price of your home. More and more people are becoming increasingly aware of the importance of the location, just like you are by reading this article.
If your home’s location is something that doesn’t appeal to potential buyers, your home will probably take a long time to sell. By choosing a good location before buying a home, your investment will be save and profitable.
What Factors Define a Good Location?
A good location for a home can be identified by a number of factors. The neighborhood is one of the important factors. Make sure the property is located in a neighborhood with character, a pleasant environment and good neighbors. Here are some factors to help you decide whether the location of a house is good or not.
- Pleasant neighborhood
- The safety of the neighborhood
- Unobstructed position of the house on the lot
- Respected school district
- Good transport options for travelling to work, college, university, hospitals, parks etc.
- Walk Score of the neighborhood
- Taxes
- Ability to hold its value in the neighborhood
Choose wisely by being well informed and save yourself from wasting time and money on a bad choice. Buying a home is a large investment, one that could affect your whole life for years to come. A
responsible and reliable real estate agent will make sure they advise you in the best possible manner about the pros and cons of any homes you consider buying.
If you are considering buying, selling, or renting a home in Boston, give us a call at 617-548-2411 or contact us.
