Why is location so important for homes?
Property experts seem obsessed with location – but why is it so important? And what do buyers find most appealing? We’ve summed up a few of the main issues for you to consider.
When buyers are seeking a property to buy, their requirements and preferences often depend on their current stage of life, as well as what they can afford. It’s a difficult balancing act for many people. For example, a couple with children may pay more for a house in poor condition, simply to get an address in an area with a good school.
So, as a seller, it’s important to think about what most appeals about your house’s location. You might be in a neighbourhood that doesn’t have a perfect reputation, but if there have been signs that the area is improving – via investment or community initiatives, or through being on the border of a more well-regarded area – many buyers might find this attractive, especially investors.
At the other end of the scale, first-time buyers can’t be too choosy, as they’re often restricted by what mortgage lenders are prepared to give them. However, if they have to compromise on quality of decor or a non-ideal street, they might be pleased that there’s a local shop or other amenities close by. If you want to sell your house, benefits like these should be mentioned in the description, whether you use an online estate agent like Purplebricks or a traditional estate agent service.
Sometimes, however, there’s very little to recommend a property to individual buyers – so it might be better to try a different route, such as a property auction or a UK house-buying expert, especially if you need a quick move now. Cutting out the hassle of estate agents, multiple viewings, survey problems and your buyer’s mortgage arrangements could save you valuable time.
If you’re concerned that the location of your home may restrict its appeal to buyers, ask National Homebuyers for advice. Call 08000 443 911 or request a call back to find out how much you could get for your property.
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