Ever heard the phrase about the top three things that matter when buying real estate? Location, location, location! When looking for real estate investments, location can be the number one (two and three!) factor. When discussing why location matters in real estate, you first need to look at what makes a great location.
What makes a great location?
- A great school system can make all the difference. Be sure to check the school rating before purchasing.
- You want to make sure all of your investments are in a safe neighborhood. You can research the crime rating before making an offer.
- If a location has convenient access to local popular places, shops, and restaurants; it is sure to bring top dollar at re-sale.
- The ultimate locations have access to a waterway either on site or very nearby.
- In major cities, you want to look for access to public transportation or major freeways.
- Is there a view? View properties are highly coveted by buyers.
Once you have chosen your location, you can then look for investment property at a low price to get the most for your money. You can build the home of your dreams and live in a great neighborhood by searching for that diamond in the rough.
Homes that require some remodeling will typically sell for much less than turnkey homes in the same area. Invest some time and money into the home and get a great price when it comes time to sell. Some homes might require a complete overhaul and can be priced greatly below the rest of the homes in the neighborhood.
Also consider empty lots in great locations. They can be a great way to choose your ideal neighborhood and build your dream home from scratch.
When talking location, Pacific Palisades is one of the most sought after locations in the United States. Often referred to as where the mountains meet the sea, this affluent neighborhood in Los Angeles is known for its amazing homes, schools, and prime coastal location. We just listed a 1 ½ acre property in Pacific Palisades with ocean and canyon views. Talk about location! This property is mostly flat and is the perfect spot for building a dream estate or multi-home development. It consists of eight legal lots and is tucked away on a quiet cul-de-sac. The location is perfect for those looking to create a dream in the beautiful Pacific Palisades area.
The peaceful property backs up to the Las Pulgas Canyon and has a year round running creek. It is surrounded by native California landscaping. Sit out on a cool night and enjoy the ocean breeze as you hear the waves crashing in the distance. This lot is only a few blocks from the beach for the ultimate in California living.
This magical property currently has 3 structures: a 3 bed ranch, a 3 bed mid century and a 1 bed redwood guest house plus a pool, spa, and a complete outdoor kitchen with pizza oven. The grounds also include a 200 vine wine-producing Sangiovese vineyard & 45 different fruit trees. For all of you equine lovers, it is also zoned for horses. This serene setting is truly one of a kind and a fantastic value. This fantastic property is a great example of the options one has when choosing a location first when purchasing real estate.