If you are thinking about investing in real estate, location is one of the most important factors to be considered before making a decision.
Proximity to amenities, peaceful conforming areas, neighborhood status, scenic views, are major factors for residential property valuations; while proximity to markets, warehouses, transportation hubs, freeways and tax-exempt areas play an important role for commercial property valuations.
What should you look for? Think about the long-term consequences and how the locality is expected to evolve over the investment period. Today’s peaceful open land at the back of a residential building may be developed into a noisy manufacturing facility in future, making the residential valuations less profitable. It is smart to conduct thorough checks on ownership, type and intended usage of neighboring areas, establishments and free land in the locality.
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