The bottom line- LOCATION is the most important word in real estate, because it means protecting your investment.
For most Americans, your home IS your largest investment. According to the US Census Bureau, just two assets — home equity and retirement accounts — accounted for 62.9% of households’ net worth in 2015.
Selecting your location carefully will ensure that your investment is LEAST likely to be subject to market fluctuations.
6 most important considerations when choosing your home’s location-
- Carefully research school boundaries- higher school scores mean more desirable locations
- Follow the money- new hospitals, schools and nearby job opportunities ADD value
- Stay away from power lines, flood plains, and sewer plants
- Close proximity and easy to major interstates
- Easy access to retail shopping centers which have consistent, long-term tenants.
- Drive around the neighborhood! Do the neighbors take pride in their yards and homes?
Owning real estate is THE BEST way to grow generational wealth. According to the US Census Bureau, households that owned their home had a median wealth of $305,000, substantially larger than those that rented $4,084.
Pursue homeownership, and choose your location wisely!
Tori
Berkshire Hathaway HomeServices Carolinas Realty
Tori Boysen
Broker
336-345-3499
tori.boysen@bhhscarolinas.com
www.toriboysen.com
