If you need assistance, please call 612-314-6330

Is Location Location Location the Most Important Factor when Buying Real Estate?

Wednesday, February 24, 2016   /   by Jason Huerkamp

Is Location Location Location the Most Important Factor when Buying Real Estate?

When choosing a home you often hear the words - Location, location, location. What does that really mean to you, the buyer?  Let me explain. In order to sell your home for good money you need to buy a home in the right location. So how do you tell where the "right" location is?

RET Moving House With Kids

Homes in a Great Location
If you are choosing a home and it is alongside a lake and it has the bare basics on your "must have" list and costs the same as a home off the water and has everything that you want on your must have list, I'd take the one on the water. Why? I know that property values grow much better based on location. The house off the water may grow in value but the one on the lake may grow exponentially in value . The great thing about waterfront homes is that there will often be more demand for a lake home. This same information can be applied to Golf Course homes, Riverfront homes, Mountain view homes.

School District Homes
When searching for a home near a school, this is a great opportunity to find the most well rated schools and find a home close to that. The chances are that the most sought after school district will have the highest demand for homes and because of that, there is more opportunity to be in command when selling your home. You will have more buyers than the same home in a different location.

Homes Bordering National Parks, Greenbelts etc
Homes near the greenbelts and National Parks appeal to some people and therefore if you bought a property bordering the greenbelt, your property would be in higher demand than one just a few homes away. The location is of prime importance and can give you the edge one day when you considering selling. Buyers would choose that property over another for the location.

Good Neighborhoods
How do you tell which neighborhood is good for you to buy in? Take a drive around and look for the best kept gardens, the most well maintained homes and the neighborhood with the best amenities. If the amenities are well cared for and the homes look good, then it could be a great place to call home. There is far more demand for a good neighborhood than for one that is run down and unkempt. However, many areas are revitalizing since the meltdown and there are opportunities to get into an up and coming neighborhood at grassroots level. 

On the other end of the scale, what locations should you think seriously about before buying a home?

From a resale point of view, it's probably best to stay away from homes that are adjacent to industrial developments, sewerage works and busy railway lines. Remote areas too, would be a challenge to resell one day just because there may be less demand in the country than in the hub of a city. Homes that are in run down neighborhoods or with difficult driveways at very busy intersections or interstates could be more challenging to sell if you had to.

A good middle of the road home in a good location can make all the difference one day when you need to sell that home quickly. The best rule of thumb would be to find the worst house in the best neighborhood if you are on a tight budget, rather than the best home in a not so good neighborhood. Think about buying the home with selling in mind. If you needed to sell the home your are purchasing urgently, could you? 

At the end of the day, you need to feel happy with your purchase and if the home suits your needs and you feel happy with the location, then please buy the home no matter what. 

Considering buying a home in or around the Twin Cities of Minnesota? Our Team would love to assist you to find that dream home in your perfect location.

The Huerkamp Team are your real estate specialists in the Twin Cities and surrounding communities of Minnesota. We are ranked in the top 1% of agents nationwide! The Team is dedicated and experienced in the Twin Cities real estate market and look forward to being your real estate time for life! You will have a great experience buying or selling real estate.

Huerkamp Home Group
Jason Huerkamp
14300 Nicollet Court # 208
Burnsville, MN 55306

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Jason Huerkamp- Huerkamp Home Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2020Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated October 31, 2020
This site powered by CINC: www.cincpro.com