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It Is All About Location

 

We all have heard that there is no thing as important as location where real estate is concerned.So who determines what the perfect location is?Here, we will be exploring the importance of location as a determining factor when property is to be chosen, irrespective of personal usage or investment purpose.There are several features that help determine if a particular location is ideal or not.

 

Family size, profession or occupation, hobbies and many other factors can influence the suitability of a particular location to different buyers.For that reason, what will be considered a perfect location to a retired couple in their late sixties might be a terrible spot for a newly-wed, active professionals looking to start a family.

 

What determines a perfect location?

 

The accurate question will be What determines the ideal location for you?Location should not be considered as a one-size-fit-all when it comes to finding a home or an investment property.It would be inevitable to buy a house in proximity of a commercial center in a quiet neighborhood if you are working from home.If you have school-age children your ideal home will probably have to be within the proximity of a particular school district.The key is to know and understand your unique set of needs.

 

Before you set out to look for your ideal property, it is crucial that you identify your needs first.Make a list of all the amenities that are important to you and your family, keeping in mind that this list will change or evolve eventually.Also bear in mind that as you start the search for your new home, you might 'fall in love' with certain properties which are not in your ideal location, for this reason try as much as possible to narrow down your search to communities with amenities closely matching your needs.

 

Considering all the above mentioned factors, I would summarize the following points for you to keep in mind in your pursuit to find the ideal property.I will take the liberty here to assume that you have your checklist of needs.

 

It is important to "be there" when you select a particular location that you feel matches your requirements. Visit the place yourself, or accompanied with your family and have a basic feeling of the place. Be sure to note the peculiarities of the location such as traffic patterns, noise levels and other factors worth observing.Drive or walk around to see thing close up.If you like what you see in the first attempt, repeat it at a different time on a different day under different situations. For example, if you first attempted to visit in the mornings, make it evening on the other day, and if it was a weekday initially, make the second attempt during the weekend.

 

Go for an average looking house in the neighborhood and talk to the people living there.I have experienced that in Lexington Kentucky, my place of residence, people will happily tell you all you need to know about the locality if asked the right questions in a pleasant fashion. This would probably hold true for most markets.It is important to recognize signs such as happiness, dissatisfaction, indifference, pleasure, etc.Home Owners Associations (HOAs) should also be an important factor in your search, find and understand the rules and regulations of the HOA to determine if they are favorable to you or not.

 

Do your homework, and most importantly don't settle.It is very important that you do not take any half measures as your house will be a very critical and the largest investment you will ever make.

 

 

Author's reference: Ed Sarfo is an experienced real estate consultant in Lexington, Kentucky and works with RCP Real Estate Consulting and Planning. You can visit his blog at http://www.OfrasHomes.com/ for more articles and features on real estate. Ed can also be followed on twitter.com/sarfo12

 

 

Retired FBI Agent on CPS Child Trafficking in US, Gunderson

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