The Importance of Location
Any REALTOR will tell you that the three most important factors concerning the value of a house are: "Location, Location, and Location." Unfortunately, most home buyers ignore this important advice.
Location is especially vital when buying a house for maximum resale value. Statistics say that you will be reselling your home long before the final mortgage payment is in the mail. Therefore, take a long, hard look, not only at the present, but the future prospects for the community and immediate neighborhood.
Select a location where raw land and house values have an increasing price trend. Especially check into the zoning laws for any unfavorable change which could cause a depreciation in the value of the neighborhood and the resale price of your home in the near future.
Remember - you can remodel a house, but you can never change the location. So choose carefully.
