What Role Does Location Play While Purchasing a Property?
According to Atul Goel Pune , during a real estate boom, homebuyers will be clamoring for almost every home on the market. That's great while it lasts, but when the party's over, only homebuyers who pick the best locations will have the most valuable property, which also depreciates much more slowly. This difference in Value is a result of a home's location. "Location,location" is a common mantra in real estate. And it's good advice, except for one thing: most people have yet to learn what it means. Why is location important? Let's first look at why this is a cliche: location is the three most important factor when buying a property. Most people buy the property based on how much they like the house or apartment, but you also buy land when you buy it. The house on this lot can be renovated or remodeled, but the location of the house cannot be changed. This fact, as stated by Atul Goel Ganga Pune , is most evident in suburban homes where property lines ar...