Location, location, location… The oldest and most prominent real estate adage. Even if you’ve never owned real estate you’ve probably both heard and understand the concept.
The value of a property is largely based on it’s convenience to local markets, shopping and amenities. So how do you go about picking the perfect location?
A few ways to quantify what makes one location better than another:
- Keeping up with the Joneses… In other words, do those in the community have wealth? Are they educated? Are they high wage earners? Here are a couple of websites to determine that.
- OK. Now that we’ve looked at what type of neighbors we’re going to have. Let’s take a look at how convenient the home is in relation to area amenities. Walkscore.com allows you to plug in an address and gives a score that reflects how “walkable” the property is to local hot spots (i.e. grocery stores, coffee shops, etc). One of the cool things about the Jacksonville Homes search on 904living.com is that the “Walkscore” is built-in to each listing.
- Is the area safe for you and your family? JSO (Jacksonville Sheriff’s Office) has you covered! With their Crime Stats mapping option, you can plug in an address and it will return the different type of crimes (if any) that have occurred within the radius and time frame that you select. Make sure you’re comparing apples to apples though. For example, in an area that is mixed commercial and residential, there’s bound to be more crime. So, comparing a house in that neighborhood to one in a more rural setting will obviously give a slanted result. Unless of course you’re considering living in a rural setting for this reason. Then that might be just the comparison you’re looking for.
- Ask a Realtor! We look at 100′s of houses in all different neighborhoods every year. The opinion of a good Realtor is certainly worth finding out.
Originally posted 2011-07-11 07:29:57.