01/11/2022
Just a reminder,
Location, location, location" is a common mantra in real estate. And it's good advice—except for one thing: Most people have no idea what it means.
Where you choose to live in a city or town will undoubtedly affect how much you pay for your home.
KEY TAKEAWAYS
Location is key to valuable real estate.
Homes in cities that have little room for expansion tend to be more valuable than those in cities that have plenty of room.
Consider the accessibility, appearance, and amenities of a neighborhood as well as plans for development.
A lot's proximity to things like busy roadways may make it less desirable for resale.
Acreage often trumps the quality of a house because land tends to increase in value.
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