6 Major Effects of Location on Real Estate Value - Carlos Santi
One of the prime factors that dictates the value of real estate is location. The value of a property is mostly determined by its location, whether it is attractive or not. Knowing how location influences property prices will enable buyers, sellers, and investors to be more strategic in making decisions in the current very competitive market. Real estate professionals like Carlos Santi always insist on the point that choosing the right location can play a huge role not only in the short-term value but also in the long-term appreciation. What are the effects of location on real estate value? Convenience of Amenities and Services The value of real estate is generally higher for houses that are within easy reach of the basic utilities. Schools, hospitals, grocery stores, shopping centers, and public transportation are all parts of daily life; therefore, the proximity to them adds more convenience and, hence, more demand. Properties adjacent to major employment centers or business district...