Location, location, location
The Factors of a “Good” Location
“Location, location, location” is a common mantra in real estate. And it’s good advice—except for one thing: Most people have no idea what it means.
KEY TAKEAWAYS
- Location is key to valuable real estate.
- Homes in cities that have little room for expansion tend to be more valuable than those in cities that have plenty of room.
- Consider the accessibility, appearance, and amenities of a neighborhood as well as plans for development.
- A lot’s proximity to things like busy roadways may make it less desirable for resale.
- Acreage often trumps the quality of a house because land tends to increase in value.
