How Location Can Increase The Resale Value Of A House

The most important factors in buying a house are still the same as they have been for generations - location, location and location. It goes without saying that the more favorable the location, the better your chances of making a profit when it's time to sell.

Homogeneity in the neighborhood as regards basic structure and size is always a good idea.

Check if all essential services and amenities are close by like provision stores, supermarkets, drug stores, dry cleaners, gas stations etc. You should also have convenient access to your local subways, bus stations and traffic routes.

One of the first signs of an area in decline are empty, dilapidated shopping centers. If the neighborhood has a number of vacant stores, it could be a sign of a community in decline and you would do better to shop for a house elsewhere.

Avoid a house that's situated on the edges of the neighborhood. For example, a house that has a busy street on the side or at the back will attracts a lot of traffic and is not safe for families with children. Likewise, the same goes for houses situated on corner lots. The closer the house is to the center of the neighborhood, the better.

If you are buying a single family house, avoid a property that borders an apartment complex or a school. But, its always a good idea to choose a house with a school nearby. Even if you do not plan on having kids, your potential buyers tomorrow might.

By Nigel Kerry