Real Estate - What Makes A Property Desirable?

If you were to ask a group of people looking for acentury ago. A person interested in one of these
new home what makes a particular city, town orhomes is not only buying the building and the land it
neighborhood desirable real estate, you would likelysits on; they are also buying the sense of history
get similar answers from all the respondents. Whatthat comes with the property.
do these in-demand locations have in common?To them, older homes have more character than
Consider the following:their modern counterparts. The craftsmanship
Downtown Livingdemonstrated by builders in days gone by is not
The closer a person lives to the center of town, thesomething that can easily be duplicated today.
higher the cost. A person who wants to be withinLarge Home
walking distance of where the action is will pay aWhen asked to describe their dream home, people
premium price for the privilege.tend to talk about a spacious home with large, airy
Close to Waterrooms featuring high ceilings. We want to avoid the
If you want to live near a body of water, you willfeeling of being cramped or having our furniture
need to dig deeper into your wallet. Ocean- orjammed into a too-small space.
lakefront properties are typically more expensiveClose to Amenities
than those located further inland. Some people thinkPeople want to live close to the conveniences of
of this purchase as an investment and count on themodern life. The conveniences which are important to
value of the property increasing quickly.us vary, depending on what stage of life we are in.
Property owners may decide to use their home nearPeople with young families want to live near schools.
the water as a vacation get-away location only. TheDepending on what activities their children are
property may be rented out when the owners areinvolved in, they may want to live close to a
not using it as a way to defray the cost of owningswimming pool, skating rink, soccer field, or a dance
and maintaining the property.studio.
Golf Course NearbyNo one wants to drive for a long distance to get to
When looking for a new home if you see a signa shopping center, day care center, church or
indicating that a golf course is nearby, you know yousynagogue, doctor, dentist, or veterinarian. Those
are looking at a home in a very desirablepeople who work out regularly will want to live close
neighborhood. There is something about being closeto a gym.
to a golf course that immediately suggests luxuriousThe most desirable real estate locations have these
living.elements in common. Each person who pictures his or
Older Homeher dream home will give more weight to certain
Older homes that make it onto the list of mostitems on this wish list. Which ones would be at the
desirable real estate were likely built at least atop of yours?