Location, Location, Location
You’ve undoubtedly heard the real estate phrase “Location, location, location” before, but do you understand it?
It means that the biggest determinate of a home’s value is its location. Your property’s value is dictated by where it is, more than anything else. Homes in more desirable locations sell higher, appreciate faster, and they’re also less affected by market volatility than comparable homes in less desirable areas.
That’s good news for homeowners in the Greater Boston Area! Stay tuned for more information in our fall market update.
What Factors Make a Great Location?
Amenities: Proximity to shopping, dining, and entertainment keeps buyers continually coming back to the same areas. We can all understand why being close to the hottest destinations is important.
Schools: No surprise here, many parents will pay a premium for a home in a top school district which drives up all the home values in that town. Eastern Massachusetts is to some of the best public and private schools in the country. There are many places to research local schools, one good place to start is Great Schools.
Natural beauty: People are simply willing to pay more for homes near beaches, mountains, and other scenic vistas. Parks and trails also bring a boost to homes in the area.
Safety: Everyone wants to live in a community where they can feel safe, so naturally neighborhoods that have lower crime rates come with a higher price tag.
Transportation: It’s good to be close, but not too close, to transportation options. People often say they want a quick walk to the train or a short drive to the highway, but living too close to either one can be noisy and disruptive. A home located on a busy road will have a lower value than its neighbor on a side street, or on a coveted cul-de-sac. It’s all about balancing convenience with privacy.
The Importance of Compromise
Keep in mind that everyone, no matter how high their budget, has to compromise on something when they buy real estate.
Really? Absolutely! If it’s not location, it’s size, condition, or some other limitation. Something’s always got to give.
That’s why you need an experienced buyer’s agent by your side. The personalized attention you will receive from the agents of Dwell360 will help you strike a balance between your budget, the location, and all the other factors on your wish list. We’ll break down the pros and cons, research the comps, and review the market conditions so that you can make a clear decision about the value of a home. That’s what we do everyday.
We use the same process to determine the values of the homes that we list. At Dwell360, we go the extra mile to make sure all of our listings put their best foot forward when they hit the market, regardless of location. Our proprietary selling process will fetch you the highest price for your home!
Dwell360 is an elite residential real estate firm based in Waban, Massachusetts, servicing the cities and suburbs of metro Boston. Dwell360 is a leader in luxury real estate throughout Boston, Brookline, Newton, Needham, and other communities of the greater Boston area and on Cape Cod. Search for homes in Massachusetts or give us a call!
