Undesirable Locations to Live In That Affect Real Estate Investment

 

Undesirable Locations to Live In That Affect Real Estate Investment

 

While people rave on about good locations, the desirable quality of what consists as a “good location” is something highly subjective and lies on several different set of factors. However, is there such a thing as “bad” or “undesirable” locations, when everyone needs a place to live?

 

There are several basic notions of what is perceived as undesirable locations. These traits are something basic that everyone looking to buy a house should be on the lookout for. Whether you’re a homebuyer looking to buy your first home, or a real estate investors looking to re-evaluate some important factors, heed these red flags.

 

High crime

An obvious reason that a location is undesirable. High crime rate is something that everyone looking into buying homes need to be aware of. Safety is a primary need and a precondition for people to be able to live, not just survive. And places that provide a sense of safety are usually in high demand.

 

Sometimes this is not very apparent. A lot of people say they just “heard” about the neighborhood or the region. But without evidence to prove this, you might be missing out on good, reasonably priced properties. Make sure to check police record, talk to the neighbors, and get the feel of the surrounding area. Are people out in the streets? Kids playing in the park, people walking their dogs? These are indications that an area feel safe enough for people to go out on the streets without fear. However, make sure to return when the sun’s out as well, as a lot of crimes happen during the night, by coming during the evening, you can gauge the feel of the neighborhood during these dark hours.

 

Noise pollution

This aspect does not simply affect comfort, but people’s mental and physical health as well. Homes near railroad tracks are often avoided, or buyers are quick to sell them. Near the airport or just under the airplane flying routes and places near concert venues, although are commonly good economic centers, are less than ideal. The exposure to such noise makes some places unlivable.

 

Environmental noise has been linked to health problems. Continued exposure to 85 dBA noise causes hearing problems or even hearing loss. According to Center for Hearing and Communication, examples of 85 dBA are heavy traffic, noisy restaurant, handsaw, some vacuum cleaners, etc. Make sure to factor in this element whenever you’re thinking of buying, or simply living, in the place.

 

Industrial area

When it comes to real estates located within or near the industrial area, the houses of the average people would likely be negatively impacted. It would be extremely bothersome for homeowner’s everyday lives.

 

Industrial waste, irresponsible company, noise pollutions, industrial smoke, are all among the major factors that make the location undesirable. Aside from the disturbances these locations often inflicted on the inhabitants, health risks are abundant. Not to mention the fact that there is little homeowners can do about the issue.

 

Lack of accessibility

Living in a place that is simply not convenient would really tamper in everyday lives. Homebuyers look for things such as markets, repair shops, establishments that make day to day life easier. The existence of things such as a local supermarket or a minimart within walking distance make a difference, or even small restaurants or cafe to go to when you don’t have time to cook. Unless the house is a one-of-a-kind, or some extremely quirky establishment that exist not for its practicality, then convenience is a major thing to consider.

 

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