The condition and price of any home can be changed. You can even change the size of the house. The one thing you can’t change is the home’s location.
Supply and demand are two factors that will always play a role in real estate appreciation. Housing supply in great locations is limited to the number of homes in that location.
The location creates desirability, desirability creates demand, and demand raises real estate prices.
Here are some of the things to consider when looking for a great location to buy real estate:
1.Reverse Engineer the Future of the Neighborhood
2.Millennials
3.Schools
4.Transportation
5.Local Amenities
6.How Does Location Affect Values
7.What’s More Important Location or House?
8.Final thoughts on the Importance of Location
