I am sure you have heard the phrase “location, location, location” before, but it has NEVER meant more than when you are purchasing a home. You can fall in love with your dream home, fix it up, renovate it; even change its structure, but if it is in the wrong location, you likely cannot move it. It is attached to the land. Identical homes can increase or decrease in value depending on their location. Choosing the best area for living and resale value is equally as important as choosing your ideal home. Here are a few things to be aware of when searching for the right location for your investment:
- Top Rated School Districts
Homebuyers with children often seek homes in highly desirable school districts. They are willing to spend more for a home to enable their children to go the “BEST SCHOOLS”. Best Schools in Mason City, IA
- Recreation & Nature
Homes on the water or near parks hold their value because people enjoy living where they can enjoy the outdoors. If you love the outdoors and being active, chances are you would not enjoy living in the middle of the city, or even in suburbs that require you to drive somewhere for outdoor recreation.
- Scenic Views
A home with a scenic view often sells quickly. Lush landscaping, golf courses, even a small glimpse of water are enough to entice buyers to purchase a home. It’s not only great for resale value, but you get to enjoy BEAUTIFUL VIEWS while living there.
- Entertainment & Shopping
While some buyers seek out scenic views, others may be looking for a home that enables them to walk to restaurants, movie theaters and boutiques. If you prefer cultural activities to outdoor activities, then it would make sense for you to look for a home in a town or city.
- Economically Stable Neighborhoods
Older neighborhoods that have survived economic recessions while maintaining evident pride of ownership appeal to buyers looking for long term stability.
- Family Activities
A small town may provide you with a stronger sense of community — a perk for kids. If you have small children, a playground, green space or splash pad nearby is a bonus.
So, you may find your dream home but if it is not in the right location, it might not be a dream come true. When purchasing a home remember…location, location, location!