We’ve all heard realtors go on and on about how important a home’s location is. But why is it such a huge factor in a home’s value? And why should buyers care so much? The answer may seem obvious to some, but not everyone.
One thing realtors will always bring up is that this is the only unchangeable factor of a home. Style, landscaping, finishes, and even the number of bed and bath rooms can all be changed over time, but you cannot pick a house up and put it someplace else. Choose the location first, then think creatively about the existing homes in the area.
So, what’s the big deal about location? Well, here are a few ways it affects home values.