Do you know the three most decisive factors for choosing a home? Contrary to what most home buyers believe, the answer is location, location and location. This is what experienced real estate agents believe. The primary reason for this is that your house can be upgraded to your tastes but what remains unchanged over the years is the location.
Why Home Location is Important
- Lifestyle Comforts: It is the location of your home that decides commuting ease, proximity to convenience stores, quality of your neighbourhood, schools, hospitals and social life. All of these add up to give you the lifestyle of your dreams. Even if you pay extra for a coveted location, in the long run it may turn out to be a better bargain. Where you live decides everything.
- Higher Home Resale Value: A home in a great location makes a better investment. There is every chance of higher returns while selling in the future. A smaller home in a convenient location will earn you more money than a bigger home in an inconvenient location. The demand increases over time with greater development.
The question is, how do you choose the best location for yourself? Popular real estate agent in the Vancouver Area, Cherry Yeung explains better.
How to Determine the Best Location
Geography: Start with assessing the geography of your location. Is the home located on a hilly area or flat land? Is it easy to get there or hard for guests to locate? Are you prepared for a cooler home on higher ground? Does it have adequate drainage facilities during heavy rain? Is it near the woods, near the sea or located in the heart of town? Are you prepared for wild animals invading your yard if it’s located near the woods? Geography is a factor you can’t overlook.
Urban, Suburban or Rural: Are you a city lover or a loner at heart? Would you like to be located near all amenities and conveniences or prefer to be away from it all? Do you like to spend your weekends in the mall or away from shopping centres? Do you need to be close to healthcare centres, grocery stores and most importantly, your workplace or are you willing to commute long distances? Weigh the odds carefully before making the decision.
Safety and Security: This should be a prime concern, especially if you have children or ailing parents with you. Homes in high crime or questionable areas are usually cheaper than those in safer neighbourhoods. Should you compromise on home safety for a few extra dollars? Will you be able to find a buyer for your home if it’s located in an unsafe neighbourhood?
Quality of Schools: Considering a good school district is important whether you have children or not. A premium school attracts families who place importance on quality education. Consequently, homes in the area are usually more expensive. The school district directly impacts the price of a home and conveniences in that area such as public transport, community centre and leisure activities. If you are dependent on buses, cabs or trains, you may want to keep that factor on top of your mind.
Commuting Ease: Commuting distance and proximity to the workplace can affect your quality of life. Long hours of commuting time can tire you out, increase stress and reduce your interest in your new home. Do you enjoy driving or leaving your home earlier to reach your workplace on time? Would you prefer to be located closer to your job area? On the other hand, homes in the heart of town may be more expensive and compact than homes in the suburbs.
Contact Cherry Yeung, Personal Real Estate Corporation
When it’s time to buy a home, contact Cherry Yeung to make location hunting easier. With years of experience in the Vancouver area, she knows the do’s and don’ts of buying or selling a home. Get in touch today and get started!