“There are three things that matter in property”, said the British real estate tycoon Harold Samuel, “Location, location, location.”

If you’ve had experience buying or selling property, you’ve probably heard this phrase from a realtor yourself.  It’s almost become a mantra for real estate agents, one which they like to remind clients of a little too often. But what’s this obsession with location in real estate anyway, and why do real estate agents place such great importance to it?

Let’s find out.

The location of your real estate investment is based on several socioeconomic and geographical factors. Homeowners want to live in a neighborhood that’s safe and friendly, and which makes their lives easier and happier. You may have bought the perfect house, but if it’s in a secluded corner of the city, you’re not going to have much fun living there. Since you’re making a huge investment that’ll determine where you spend your life for the next several years, it’s imperative that you take into account all aspects of your house’s location.

Everyone has specific things they look for when buying a house. However, these factors significantly improve the property’s status in terms of its location and give it an edge over houses in other localities.

•  Nature and scenic views: Houses overlooking a lake, river, grassland, or providing a superb view of the cityscape are more preferred than others. There’s something rather mesmerizing about watching the lake at sunset as you sip tea in your balcony, or waking up the breathtaking view of the beach seen from your window. As long as there isn’t any natural hazard, houses with scenic views make a cozy home!

•  Entertainment and recreation: Would you rather live in a town that’s secluded from the city’s recreational facilities or one that has its fair share of fun activities? This largely depends on the type of lifestyle you prefer, but people typically like living in areas that have restaurants, movie theatres, boutiques, and shopping centers nearby.
•  Public transportation and health care: People want their lives to be hassle-free and convenient. They don’t want to buy a house at a location from where they’ll have an hour-long commute to work, or where there isn’t any public transport available.  Similarly, it’s also best to settle for neighborhoods close to amenities and emergency services. These include grocery stores, pharmacies, gas stations, and hospitals.

Just like you have a list of thing to watch out for when looking at the house’s location, there’re also a few things you should avoid running into when buying a house. What constitutes as a bad location can vary depending on your need and personal preference. For instance, you may like living in a quiet neighborhood as opposed to one with plenty of hustle and bustle all day long.

However, certain factors are clear indicators of bad locations. These include neighborhoods with high crime rates, air and noise pollution, lack of services, and natural hazards.

At Smith Top Team, we have the Top listing agents New Cumberland PA to help you make the right purchase. Call us at 844-TOP-TEAM to get in touch!