Ali Ata Explains What Makes a Good “Location” for Real Estate

 It’s an age-old adage that Ali Ata knows well: with real estate, it’s always location, location, location. And this saying isn’t just for investors—buyers should also keep it in mind. There’s currently a shortage in the housing market for some areas, but that doesn’t mean that you should jump to the first available location you see. Some places are better than others, even if it costs a little more. 

 

Here’s why:

 

Centrality Matters

If you’ve already identified a city to live in, it also matters where within the city the property is located. This is what experts call centrality, and it plays a crucial role in the price of your home or property investment. Ali Ata explains that there isn’t a lot of land, especially in developed areas. The properties in the central areas have their prices driven upward. And when the cities try to expand, it’s the outlying areas that usually decline if a lot of the population leaves.

 

Employment Statistics

You might have noticed that the employment numbers in the area are always at play in the lists of top real estate locations. The job growth, unemployment rates, and median income of a place are all taken into account. Can people afford to buy or rent property in this location? How many of them can afford to buy? How many of them rent? Ali Ata says that these are critical to consider before you make the jump.

 

Real Estate Laws

And, of course, the law prevails above all. Some first-time investors overlook the fact that property laws and tax implications could set them back. If property taxes are high, your net income will decrease. If you take into account specific penalties that will further lower your profits, it becomes even lower. Some locations may charge differently for owners or renters as opposed to investors as well. Be sure to know what the laws are in the location you’re looking into.

 

Ali Ata finds that while it’s always good to consider the location above all, there are still factors that affect how “good” the area is. It’s essential to look at all aspects to see if this will be a location worthy of putting your money in.