Ten Location Selecting Tips When Buying a House

Real Estate Information & Tips
Buying a home - Tips on selecting the ideal location
LOCATION - Is still the number one factor for real estate value
Ten Location Selecting Tips When Buying a House

1. Look for a home location that has only residential properties around it. Dream Home Cartoon

A mix of industrial units and residential properties is not an ideal location for a home.

People usually want peace and quiet in a residential area.

Having industrial units like factories etc results in higher traffic, pollution and noise and home buyers would consider this a negative point.

2. Look for a house that blends into the neighborhood. For instance, you don’t want to buy a monster size house that is surrounded by small houses around it.

Property value of one’s home will greatly be affected with other homes in their area. It costs money to maintain properties and you want to buy a home where people of somewhat the same economic standard live.

3. Many investors buy smaller homes and rent them out waiting for a price escalation to make a profit by selling the home.

Rental homes are quite often neglected by tenants. While the homes landlord continues to get his monthly rent the neighborhoods property values do suffer due to unmaintained lawns or shabby looking homes around them sticking out like a sore thumb to potential buyers.

You want to stay away from areas that have too many renters.

4. Having a milk store across the street is quite convenient, but may not be great when it comes to property values. Strip plazas invite shoppers as well as people who just hang around the stores. Not very desirable to many potential home buyers. It is better to walk a block for your milk than to buy a home right next to a store.

5. You will be surprised as to how many home buyers fail to notice those huge overhead power cable lines going over the back yards of homes. Drive around to check what is actually around the potential home you are thinking of buying. Look for schools, stores, banks and major highways.

Typically living across schools, stores, parks or close to highways is not very desirable as noise, parking and security could be major concerns.

6. Buying a home close to a hospital may be desirable to some, but keep in mind those ambulance sirens that will fill the air at odd hours of the day and night. (Continued on next column)

7. Corner homes usually sell for a premium; in most cases the house lot is bigger for corner homes. However while you end up with a bigger lot, many experienced home buyers stay away from corner homes as they are an easier target for theft. Security is a valid concern for home buyers.

8. When choosing a location for a home purchase, take note of any vacant land in the immediate neighborhood. Before buying check with the local municipal office what will be built on the vacant land. You don’t want any surprises after you have purchased a home. Many experienced buyers prefer established neighborhoods.

9. Check to see if you have an airport nearby and whether you’re potential home is on the flight path. Noise from planes taking off and landing can be quite annoying when you want to relax at home.House for Sale

10. There are many types of homes such as: detached, semi-detached, town houses and condominiums and high rise apartment buildings. If you are buying an detached home then select a location where the majority of the homes are detached homes. Having cheaper apartments or other types of homes next to your expensive detached home will probably lower your homes appeal to potential future buyers.