Location, location, location! When it comes to purchasing a home, there are many things that you are likely considering or putting on your wish list. Prioritizing the things that are important to you are a must when it comes to buying a house and for many people this could include things such as the size of the home, the number of bedrooms, bathrooms, the layout, how many stories it is, or even the size of the lot and outdoor spaces. However, what many people fail to realize is that oftentimes the location of the home is just as, if not more important than the actual house itself. There are many reasons as to why the location is such a key factor when choosing to purchase the home, however, there are a few common things that seem to stand out that make the location a top priority for many homeowners.
Why Location is Key When Purchasing a New Home
Homes Value
While selling may not be the first thing you’re thinking of when purchasing a new home, you do want to make sure that you are buying a home that is good at maintaining its value or can see boosted value over the years to make it a smart investment. One of the key factors that goes into your home’s value is its location. For example, a home that is close to good schools and highly rated school districts, public transportation, shopping centers as well as other amenities are often more sought over by potential home buyers which can then boost the value of the house compared to the same house that could be in a location that’s further away from these conveniences.
Enhances Your Lifestyle
Not every home is perfect for everyone. Because of this, the location of your home plays a vital role in how much you’ll be able to enjoy this space and enhance your quality of life. For example, if you enjoy living in the suburbs along a quiet tree lined street you wouldn’t want to search for a home in a bustling downtown area where nightlife is prominent, but rather a quiet suburban neighborhood where you can enjoy gardening in your front yard and peaceful walks down the sidewalks with your dog in the evenings. Different locations appeal to different types of buyers; however, it is always a good idea to consider the resale value of your home based on the type of lifestyle it provides due to its location.
Safety and Crime Ratings
Regardless of what phase of life you are in, nobody wants to purchase a home that is within a high crime rated area. While home prices are generally lower in high crime rated areas, this means that the re-sale value of your home will also be lower than you’d like. There have been many studies that show that home buyers are more likely to purchase a home that’s in a developed neighborhood that has signs posted for neighborhood watch programs or low crime rates as this makes them feel more secure and safe when within their home.
Ultimately, when it comes to purchasing a house, you’ll want to keep the location in mind as this not only can contribute to the resale value of your home but can also contribute to your overall enjoyment of your new house. Consider things such as safety within the neighborhood, how your lifestyle might change, as well as how the value of the home could significantly increase or decrease over time and thus could negatively or positively affect your resale potential. Sometimes when it comes to purchasing a home, it is more important to consider the location over the actual house itself, as the house can undergo many different renovations or improvements, but the location is something you cannot change. Regardless of whether you’re searching for a home in the suburbs or a home in one of the bustling seaside and coastal towns of the Carolina coasts, our team of professionals is here to help you find the perfect place to call home. Feel free to contact us today!