Location, Location, Location

One of the most important parts of a home's value is its location. After all, that's the one thing you can't change.

We all know that homes in big cities like New York or Los Angeles can cost several times what they would in the heartland, but there's more to the location question.

When valuing your home, it's important for us to consider your city's home market:

  • Is the local economy growing?
  • Are people moving there from other towns?
  • Do homes sell quickly?
  • Is the city expanding its borders?
  • How livable is the city?

Your local neighborhood is just as important to your home's value:

  • Is it an older neighborhood or a more recent development?
  • Who lives there? Are most households families? Singles? Couples? Retirees?
  • Is it convenient to main roads?
  • What are the schools like?
  • Is the neighborhood safe?
  • Who provides the utilities in this area? How's the service?
  • Are the streets in good repair? What's the traffic situation?
  • How convenient is the neighborhood to shopping and entertainment?

What the Market Will Bear

In addition to all of these "soft" facts about your city and neighborhood, I can help you with hard numbers: purchase prices of similar homes in your neighborhood and similar neighborhoods.

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Wednesday, 17 July 2019
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