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There's an old saying when buying real estate—it's
"location, location, location." The newest, nicest, best-built house in the world could
lose its market value in a poor location.
Some obscure or "hidden" factors can influence a location's market value. For instance, in the nearby State of New Hampshire, the schools are paid for by
each city or town. 45% of a town's expenditures could be to pay for
their primary school, and 25% to a regional high school. A town that
has a burgeoning population might have to expand its schools and increase
property taxes to pay for it. A high property tax rate could influence
the market value of the homes in that town. It's a good idea to
research as many factors as possible when looking for the right location of
real estate.
The following are some factors that may influence the market value of a home's location:
Airport, Nearby
Churches, Nearby
Climate, Not Extreme
Crime Level, Low
Daycare Services, Nearby
Fire Department, Nearby
Flood Zone, Not Located In One
Highway, Nearby
Homes, Prices Comparable
Hospital, Nearby
Market Value Trend, Positive
Neighbors, Maintain Their Homes
Noise, Minimal
Police Department, Nearby
Privacy of Lot
Property Taxes, Low
Public Transportation, Access
Recreation Outlets, Nearby
Schools, Nearby
Shopping Malls, Nearby
Terrain, Not Extreme
Town, Planning Good
Town, Services Good (Snow Plowing, Town Dump)
Traffic, Minimal
Utility Company, Planning Good
Views Available, Mountain or Water
Water & Sewer, Not Expensive
Water Access, Lake, Ocean, or River
Water, Flood Zone, Need Flood Insurance
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Real Estate 101 Page
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