How Does Your Home’s Location Affect Its Value?


Two seaside homes

The location of your home affects its value a great deal.

You probably hear this all the time, “Location, location, location.” It is a popular catch phrase for real estate agents and buyers alike. The problem with this phrase is that you may not be sure what it actually means to have a good location. Today we’re going to be going over some of the things that matter when thinking about the location of your new home and its value. Let’s take a look!

Your home’s value is important.

When you’re looking at houses, you need to take time to examine the area around them. Do they have large lots? Are the neighborhoods pleasant and safe to live in? How close are schools, hospitals, and fire departments? Though it is good to be close to these things, you should be careful with these essential services being too close as they tend to be very noisy places. A good location also has decent amenities like grocery stores and restaurants without having to drive a long distance. These are the kinds of questions that you can answer that will help determine the potential quality of life for your potential homes.

Buying a house is so much more than choosing a place to live.

As you determine the quality of life for your potential homes, you need to start thinking about your home as an investment. Homes can depreciate in value or increase over time depending on a variety of factors. Having a lot of development in your area can be great for your home’s value down the line as well. The centrality of your location will also affect your home’s value. Homes in cities, for example, tend to be placed at a higher price than homes in the suburbs. Though you would be getting less land, you would be getting a lot more amenities. It’s a payoff that you should keep in mind as you consider buying a house.

Contact Caliver Beach when your finances are ready to move on a new home!

Whether you’re looking for a house to flip or a home to love, finding the money for this investment can be difficult. We at Caliver Beach are ready to help you find the right loan for your situation. Our team of highly qualified experts have hundreds of options ready for you to invest in the home of your dreams. Contact us today! You can also follow us on FacebookTwitterGoogle+Pinterest, and Youtube!


This entry was posted on Friday, February 3rd, 2017 at 3:29 pm. Both comments and pings are currently closed.

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