Location is the single most important thing to consider when choosing a new home. You may find a gorgeous house with all the amenities and space you need; however, if it is in an undesirable neighborhood, you will likely have problems living in it or reselling it in the future. Apart from that, yes, you can change everything else about the house, such as curb appeal, finishes, and the number of bedrooms through upgrades and renovations, but you cannot change its' location. Here are some factors to consider when assessing your new house's location.
- Transportation options and schools - Most buyers want close access to transportation options and amenities, such as grocery stores and restaurants. Most buyers also want a home near public transportations, as subways and bus stops. Buyers who are family-oriented and have school-age children consider proximity to schools as essential for them. Accessibility to these amenities and transportation options will undoubtedly improve a house's value.
- Area's Crime Rates - No one wants to live in a neighborhood with high crime rates. Safety should be on top of mind when assessing a house's location. You can find local crime rates and reports on the internet and research the area before considering buying a home.
- Neighbors – Undesirable neighbors such a fraternity house and loud neighbors can negatively affect you and your house's value. Try to spend ample time in the area and get a good sense of who lives in the neighborhood before buying a home.