What’s the most crucial factor homebuyers should consider before buying a home? Budget? Or the aesthetics of the house? Ask any real estate agent this question, and they’ll probably tell you location, location, location.
And, while that mantra has almost become a cliche, it highlights how crucial a neighborhood is when buying a home. Because, according to realtors, while you can change most things about a house, you’re stuck in whatever locality you buy your home in, regardless of how terrible it may be.
Of course, moving out and selling the property is an option, but getting a new house is expensive, and you’re less likely to recoup any profit from your sale if you’re selling in a neighborhood where no one wants to buy a home.
But what exactly makes location so vital in property investment? And why should you spend more time researching a neighborhood than considering the aesthetics and architecture of a home? Let’s show you in the next section.
What Makes Location So Vital In Real Estate?
If you’re searching for Sharpsburg, GA, homes for sale, location should probably be the first element you consider. Here’s why:
Crime Rate
Imagine buying a home in a neighborhood that’s riddled with robberies and burglaries; does that sound like the ideal place to raise your kids? Of course not!
When you imagine your dream neighborhood, you typically think of a place where you can sleep peacefully without worrying about armed robberies or go to work without bothering yourself about break-ins.
But it’s not just your peace of mind you should think about when it comes to the safety of a neighborhood; the home’s long-term value is also a factor to consider. While you may not plan to sell your house at the beginning, you may eventually decide to put it up for sale, and if you live in an unsafe area, it’ll be challenging to find buyers.
As such, you may not recoup the initial price you paid for the home or even make any profit, regardless of the architectural beauty of the property.
Amenities
Living in a neighborhood that’s far from everyday amenities can be challenging. Nobody wants to drive 30 minutes to get to a grocery store. Convenience and ease are what we typically desire in our daily lives, and you’re not going to get that if you buy a home in a neighborhood that’s far from your everyday needs, such as gyms, restaurants, and shopping malls.
So, while you’re going through Sharpsburg, GA, real estate listings, visit the neighborhoods that you like to find out if they’re surrounded by everything you’ll need daily.
Schools
If you have a family or plan to have one eventually, you should consider the schools in an area before buying a home. You don’t want to move into a property and find out there are no educational institutions around the area for your kids to attend.
Of course, you can’t move out immediately because of the expenses; as such, you’re stuck with driving your kids a long distance every week to a school in another neighborhood. Also, just because there are several schools in an area doesn’t mean it’s a good one; the quality of the institutions is also something to consider.
What’s the point of having a plethora of academic options for your kids if they don’t match the standard you require? Thus, the quality of schools is another element that makes a location ideal.
Beyond that, the resale value of a home is also influenced by the number and quality of the schools around it. Generally, most people are reluctant to buy houses in areas that do not have standard educational institutions. With that in mind, your choice of a home among Sharpsburg real estate properties should be a property surrounded by excellent schools.
Transportation
Why else is location valuable in real estate? Transportation options. If you’re looking for cheap homes for sale in Sharpsburg, GA, the ideal neighborhood for you should be close to different types of public transportation, such as bus and train stations.
This element is especially vital if you don’t have a car. Without your own automobile, living far from public transportation can significantly hinder your everyday activities, such as going to work.
Imagine having to walk 25 minutes every day to get to the bus station so you can make it to the office; that doesn’t sound like the ideal life, right? So save yourself from this hassle by investing in a home in a neighborhood where transportation is convenient.
The Future Of The Neighborhood
Why’s the future of a neighborhood vital when purchasing a home? Let’s put it this way: buying a house is a long-term investment, and you’d typically expect the property’s value to appreciate over time.
However, location plays a crucial role in the cost of a property; houses in good neighborhoods are generally more in-demand and pricey than homes in bad areas.
But that’s not all. As a neighborhood develops, more and more people want to move there, and the value of the homes in that area goes up as a result. As such, we’d advise you to consider the future of a location before investing in a house there. In fact, as you look for Sharpsburg, GA, homes for sale, you should only consider properties in areas that have a potential for long-term growth and development.
What Other Factors Play A Crucial Role In Real Estate Investments?
While location is the number one element in real estate investment, it’s not the only one you should consider. Here are a couple of others to look at, as well:
The Price & Your Budget
This factor should be a no-brainer: you should generally avoid any house that’s too pricey for you. Regardless of how beautiful or ideal a home is, we’d recommend you only go for what you can afford. Doing otherwise could have significant financial consequences.
The Condition Of The Property
While you shouldn’t pay for a home you can’t afford, that doesn’t mean you should opt for one that’s in shambles. The consequence of this is that you’ll end up spending a significant amount on renovations and remodeling.
You can stick to your budget and still buy a property that’s perfect for you. There are a ton of Sharpsburg, GA, homes for sale, and with the right agent and patience, you can’t find an excellent option that won’t require you to break the bank.
How Long Are You Staying?
There’s no point buying an expensive home if you’re not planning to stay there long term. Instead, it would be best if you bought something cheaper. According to financial experts, purchasing an expensive home and moving out in a couple of years – less than five years – is an unwise decision and could incur some financial losses on your part.
Final Thoughts
Location, location, location isn’t just a real estate cliche; it’s the most critical factor in any real estate investment. As such, you should take your time to consider any neighborhood you want to move into to ensure you don’t make the wrong move.
That said, are you looking for homes in Sharpsburg, Georgia? Click on this link from Tim Stout & Associates to find some of the best properties in the city: https://timstoutteam.com/homes-for-sale/georgia/sharpsburg/.
