“Location” we repeat this word as the real mantra of real estate, how to observe the right location of real estate? This article will help you figure out the most essential ones. While everyone has their own preferences, needs and desires, what constitutes a good location is still a universal idea. This is one reason why there is a real estate mantra you will probably hear a lot about: “Place, place, place”. Here are some basic elements broken down into concrete, observable elements broken down into several factors.
There is always something that attracts home buyers and even tenants. Often, good views are a luxury; that’s why homes with a breathtaking view of the cityscape, a window overlooking the ocean or a view of the hills are in the high price range. Houses that overlook a golf course are also luxury houses, in Bali, Indonesia for example you will find the master house with good views.
Friendly and School District for Children and Adults
A neighbourhood with a new school built close to the area would already increase the value of a house, and the value of a house would increase even more when the quality of the school was factored into the equation. Houses or neighbourhoods close to school districts are popular with young couples looking to have children, families with children and even people without children.
The right district normally comes with a good condition of the economy in the area. Student restaurants and cafes are one of the target markets in the area. However, if you are ultimately concerned about your children’s education, look beyond the school’s score or ranking. Especially when the school is new. Be sure to visit the school. Learn about the school system. Talk to teachers, ask other parents or, better yet, talk to the students themselves.
Employment Growth! Opportunity to Reduce Unemployment!
Low unemployment rates affect the value of a place and, consequently, individual houses. Employment growth could have a direct impact on the types of office and industrial real estate. The more successful the number of businesses or small enterprises in the area, the more people will be attracted, especially those seeking a narrower commute, converting them to renters or even homebuyers. Office real estate is a growing concern because of the increasing popularity of shared workspaces and the increasing mobility and flexibility of the work culture in terms of space use. However, in the years to come, it is safe to say that the traditional workspace is here to stay and that investment in office real estate is not going to be a disappointment in the future.
Easy to Mobilize
Accessibility is an integral part of buying a home, whether for yourself or as an investment. People need convenience in their daily lives.