How Much Does Location Really Matter in Real Estate? More Than Many People Might Think

How Much Does Location Really Matter in Real EstateMost everyone has heard the old saying at least once: “The three most important things in real estate are location, location, and location.” But, while this can make for a catchy phrase, does location really matter all that much when you are buying and / or selling a home?

In a word, yes.

There are several very good reasons for this. First, even though you can change the color, the size, the layout, and even the style of your home, one thing you can’t do after you’ve purchased it is change the location.

So, what can make for a good (or not-so-good) location? There are a few key items to check, such as:

  • Nearby amenities, like grocery and other stores
  • The type of businesses in the vicinity (as some types of businesses could be more prone to attracting crime than others)
  • Parks and entertainment related venues
  • Crime records (including both violent, and non-violent incidents, such as home break-ins, vandalism, and auto theft)
  • The percentage of owners versus renters
  • Accessibility of the home / neighborhood (including its proximity to public transportation)
  • Whether or not the area is in transition

Regardless of where it is that you call home, having an experienced real estate agent on your side when you’re in the process of buying or selling property can be beneficial. In addition to working with you on the negotiation, your agent can also provide you with a vast amount of information on how to make your property attractive to potential buyers, and provide you with a calculated value of the right listing price. If you’re ready to move forward on the purchase of a new home and / or the sale of your current residence, give us a call today.

By |2017-10-26T08:18:16+00:00October 24th, 2017|Advice, Home Buying, Real Estate|

About the Author:

I grew up in the Bowie-Crofton area with my 3 other siblings. As the middle child, I have a natural talent for negotiating! I moved to the Annapolis area for several years after I graduated college, and I currently reside in Arnold with my wife, son, and daughter.