The Most Important Factors for buying or Investing in property | LOCATION

“It’s important location, location, and once again location.” The most commonly heard advice when buying a property.

Buying a property is one of the most important decisions that gives direction to our lives. When investing in real estate, especially in today’s market, learn as much as possible about the local real estate market before finalizing your investment decisions.

Every day I will open the same door, watch the hills from the same balcony and listen to the cry and the scream of the neighbors’ children.

Almost every day, we will walk  to work or drive 100 kilometers. The mother in law will cook in the next room or it will be at the distance of two municipalities …

Between a good and a bad location is the difference in the quality of the living that the user of the property feels and is reflected in the value of the property price.

What factors affect our perception of the location of the property:

Environmental factors

The beauty of the landscape, vegetable garden, flower bed always beautifies our lives, the proximity of mountains, the lake, the sea always fascinates us. The beautiful viewpoint on the southern slope can not be compared with the damp and shadowy position of the northern slopes.

Economic conditions in the region and traffic connections

In a worse location, it often leads to a poorer connection and a greater distance to the economic center. Normally we measure costs such as the cost of time spent, gasoline …. The favorable economic conditions increase the opportunities for employment and the related immigration of workers.

“Patterns pull” and hurds instinct

In the nature of people, they want to belong to the community, so the decisions of individuals within the community are often very similar. Near the school, kindergarten, church, health center, main administrative and state institutions, it facilitates day-to-day tasks.

Emissions and threats

Flood hazard, earthquake hazards, stench of waste and industry … environments with significant adverse effects have a negative impact on the situation of the residence and the related price of real estate in the surrounding area.

Individuals can perceive different locations completely differently, depending on their interests.

An entrepreneur who deals with transportation and storage and would like to build a business facility – a warehouse will select a location that is easily accessible from the highway and / or rail tracks.

For grocery shops, fast-food restaurants, the proximity of densely populated houses or apartment blocks is very important, visibility from the road, convenient access and parking.

We look completely different to the location of the weekend by the sea, where the distance from the coast and sunny position is the main factor affecting the value of the property.

We can conclude that the location of the property, housing, house has a significant impact on the quality of life. Where people feel good, they love to live there and prices and real estate values ​​are higher.