Whenever you evaluate a property, make sure that you focus on these three things:
1. Location. Where a property is affects what it is worth. If you’re close to transportation, a job, or a school, the value of the property will go up.
2. Natural light. A property on the top floor is always more desirable than one on the bottom floor that doesn’t get natural light. Even if you don’t care about natural light, guess what? Other people do. Even though natural light is often underrated, it’s really important and should always be considered when looking at a property.
"Where a property is has a huge impact on the value of the property. "
3. The interior square footage. Unless you have a large lot and you want to add a room, for the most part, you cannot change the square footage of a home.
These three elements of a property are mostly out of your control. If something negatively impacts the location, the home’s value will be negatively impacted as well.
You can change just about anything else about a home, but these three elements are the most important to pay attention to.
If you have any other questions about what to look for in a property or you would like to learn more about our local real estate market, just give me a call or send me an email. I would be happy to help you!