I’m sure you’ve 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’s in the wrong location, you likely can’t move it. It’s 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.”
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 wouldn’t enjoy living in the middle of the city, or even in suburbs that require you to drive somewhere for outdoor recreation. Outdoors - Virginia's New River Valley
A home with a scenic view often sells quickly. And there are plenty of breathtaking vistas to see in the New River Valley! Mountains, 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.
Public Transportation, Healthcare & Jobs
Some buyers will be looking for convenience. They don’t want a long commute to work and want to have easy access to transportation and healthcare facilities. New River Valley Transportation Services
So, you may find your dream home but if it’s not in the right location, it might not be a dream come true. When purchasing a home remember…location, location, location!
If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!