Ali Ata: What Makes a "Good" Location to Invest In?
If you think the location of your real estate investment is important, here’s a piece of good news: real estate investment expert Ali Ata agrees with you! But how do you find a great location? Here are five factors you need to remember:
1. Proximity to developed areas
Highly developed cities will always attract people which, in turn, leads to an increase in the prices of real estate properties. If you are looking for urban properties you can afford, where you look in the city matters. For instance, suburban communities tend to experience a cyclical rise and fall in population, affecting the cost of the properties therein.
2. Neighborhood quality
Your ideal neighborhood won’t necessarily be the same as everyone else’s. However, do look for one that is accessible, meaning it’s close to major routes and is easy to get into and out of. Look into the available amenities, too—nearby grocery stores, schools, and places you may need to go to or want to frequent are a huge plus. And although appearance may not seem like much, living in a good-looking neighborhood wouldn’t hurt.
3. Level of development
Look ahead and see what amenities are likely to rise in and around your location. Public and commercial developments mean the location will become even more convenient to live in in the future.
4. Location of the lot
Houses near public places and busy roads tend to be cheap, but they’re harder to sell when you do move out eventually. If you’re buying a house to live in, something closer to the community’s center could be a better investment.
5. The lot itself
Ali Ata says houses depreciate with time, but land very rarely does. If you have to buy a house, pay more attention to the state of the land it stands on. A good lot is a great investment. After all, a bad-looking house can always be repaired or remodeled, but you cannot do anything with a badly placed or overly small lot.
When choosing a property to invest in, make sure you look deeper than common factors like cost and appearance. Focus on location as this will determine the long-term value and returns of your investment.
1. Proximity to developed areas
Highly developed cities will always attract people which, in turn, leads to an increase in the prices of real estate properties. If you are looking for urban properties you can afford, where you look in the city matters. For instance, suburban communities tend to experience a cyclical rise and fall in population, affecting the cost of the properties therein.
2. Neighborhood quality
Your ideal neighborhood won’t necessarily be the same as everyone else’s. However, do look for one that is accessible, meaning it’s close to major routes and is easy to get into and out of. Look into the available amenities, too—nearby grocery stores, schools, and places you may need to go to or want to frequent are a huge plus. And although appearance may not seem like much, living in a good-looking neighborhood wouldn’t hurt.
3. Level of development
Look ahead and see what amenities are likely to rise in and around your location. Public and commercial developments mean the location will become even more convenient to live in in the future.
4. Location of the lot
Houses near public places and busy roads tend to be cheap, but they’re harder to sell when you do move out eventually. If you’re buying a house to live in, something closer to the community’s center could be a better investment.
5. The lot itself
Ali Ata says houses depreciate with time, but land very rarely does. If you have to buy a house, pay more attention to the state of the land it stands on. A good lot is a great investment. After all, a bad-looking house can always be repaired or remodeled, but you cannot do anything with a badly placed or overly small lot.
When choosing a property to invest in, make sure you look deeper than common factors like cost and appearance. Focus on location as this will determine the long-term value and returns of your investment.
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