Now that the market has leveled out a bit it seems like a lot of people are looking at an income property or getting ready to purchase their next home. One of the things that can be a huge oversight when you are so focused on finding the perfect home is the area it’s in!
So here are my top four things to look at in your next investment’s location!
1. Check out the schools - Whether you have kids, want to have kids, or don’t at all- schools are a huge factor in resale value. Look at what it’s ranked at in the board or look for people’s opinions online!
2. Public transit - Another huge factor for resale value but also VERY important if you potentially ever want to rent this home
3. Accessibility/ variety for groceries- Is something you might not know you need until you need it. As this is an errand most people need to run at least once a week so ensuring you can make that as simple as possible is KEY not only if you’re living in the home but especially important if you are wanting this as a rental
4. Commuter access- if you have a long way to the closest highway, or if you have a property on a very busy main road, neither are desirable for those with families (safety for children/pets) or commuting to work as most people would like to be under an hour to their job
If you need some guidance on finding your next home or rental, shoot me a message today for personalized advice!
