It's Still Location, Location, Location
Posted 03-03-2017 at 01:55 PM by AZJoeD
When it comes to real estate we often hear the familiar mantra “Location, Location, Location”. But what does it really mean and why is it so important? As an agent I often encounter buyers that look first at the building they are buying and secondly at the location. They rationalize by saying “I can get more square footage in this area, more bang for the buck” or “I really like this builder of this house”. While we all want the best house we can get for the money, we also must recognize that the reason one area of the city commands a higher price than the other is desirability. People are willing to pay more for the same house in neighborhood A over neighborhood B for a reason (or several reasons).
So when we consider Location, Location, Location what are we really talking about? Some of the factors you need to consider when buying include:
- Being in or near the place(s) that will best support you everyday life. This is about lifestyle. It could include being close to family & friends. It may mean a better school district, a church, shopping and dining, or other amenities. It may mean being close to work or limiting your commute. The best location for your life.
- Safety and security is important to everyone. Lower crime, reliable fire protection, adequate police protection, low traffic, like minded neighbors or a pollution free environment. Perhaps being close to hospitals and doctors. Factors that allow you to live worry free.
- Financial stability, which might include potential for appreciation and high resale value. Ensuring the surrounding homes and neighborhoods maintain values equal to or above your property. Buying a million dollar home in an area of $400K homes may not be your best investment. The house may be great but the location not ideal.
So when considering your next home purchase do not forget that you are not just purchasing a house but choosing a place to live. The extra 200 sq. ft. may not mean much if living is a chore, safety is a concern or your investment is at risk.
Need help finding the best location for you? Visit me at: www.Scottsdale-AZHomes.com
So when we consider Location, Location, Location what are we really talking about? Some of the factors you need to consider when buying include:
- Being in or near the place(s) that will best support you everyday life. This is about lifestyle. It could include being close to family & friends. It may mean a better school district, a church, shopping and dining, or other amenities. It may mean being close to work or limiting your commute. The best location for your life.
- Safety and security is important to everyone. Lower crime, reliable fire protection, adequate police protection, low traffic, like minded neighbors or a pollution free environment. Perhaps being close to hospitals and doctors. Factors that allow you to live worry free.
- Financial stability, which might include potential for appreciation and high resale value. Ensuring the surrounding homes and neighborhoods maintain values equal to or above your property. Buying a million dollar home in an area of $400K homes may not be your best investment. The house may be great but the location not ideal.
So when considering your next home purchase do not forget that you are not just purchasing a house but choosing a place to live. The extra 200 sq. ft. may not mean much if living is a chore, safety is a concern or your investment is at risk.
Need help finding the best location for you? Visit me at: www.Scottsdale-AZHomes.com
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Have a client looking for a great home in a desirable area? 4 bed, 3 bath in the desirable NE Phx/Scottsdale area. Paradise Valley schools. 5k at closing for the buyer to redo pool the way they want. Check it out at realtor.com 14847 N 46th St, Phx, 85032. Close to Kierland, Desert Ridge, PV Mall, and can walk to shopping.Posted 04-03-2017 at 09:53 PM by marymaryaz
