Location, Location, Location Defined

Location, location, location is everything in real estate, but what does that mean?

With some great housing prices out there today and low mortgage rates, 2009 may be the perfect time to an invest in a home. When looking for your perfect home, remember that the location is very important, as property values do not always increase. You should make sure to invest in a community that can hold on to long-term value.

Here are a few questions to ask when purchasing a home.

Is the neighborhood well-groomed? Homes that are nicely maintained and have well kept landscaping keep property values up in a community. Lawns are like welcome mats; neighborhoods with poorly kept lawns and abandoned cars say "keep away."

What about the school system? A strong school district often means higher home prices. Most parents what their children to get the best education available. Potential buyers often get this information on the internet, which is why agents often have links to area schools right n their websites.

What is the crime rate? The lower the crime rate, the higher the home value. You will not find many people who are comfortable living in a high crime rate area. It is important to obtain crime rate statistics from the local police department before you move to a new area.

Is it close to public transportation? A home conveniently located to public transportation can help boost the home's value. Even in the suburbs where people have a garage full of cars, proximity to a bus or rail line into the city is an asset.

What are the population trends? Is the area growing? This may affect later resale value. This information can be found online at U.S. Census Bureau, or through local county or township Web sites.

Are there employment opportunities? Workers move to areas in which they can find jobs, and this has a strong impact on housing markets. You have a job when you move in. What are the prospects for finding another one if you need too? Study employment trends carefully in the area you plan to locate to. This data can be found from the local government or chamber of commerce.

Before you plan your move make sure it is in a worthwhile location. This is not only your home - it is an investment! The Move with Marla Team will make sure you make the best investment for your money. Check out our website or call us today for the best home value in Northbrook.