Real Estate Investment is an interesting way to maximize your profits. Experts believed that you need to be much vigilant and should consult the experts before stucking your money in any particular real estate project. Advent of new technology, especially in field of Real Estate has opened up the horizon of new investment opportunities.
You can find number of blogs that will guide you about particular steps to boost up value of your property asset, particularly houses or homes. On the other hand, you hardly get a piece of writing regarding the aspects that can devalue homes.
British Real Estate Tycoon named Lord Harold Samuel said
“3 things that matter in buying a property is Location, Location and Location”
In this blog you can find out which locations can cause your home value go down.
People usually feels excited to live near airport, highways or railway track. However, for genuine buyers, it is really an undesirable factor to have a home in such banging environment. Buyers usually show less interest while buying homes in this kind of noisy area.
Vicinity to Graveyards
In Pakistan, individuals usually believe in superstitions that make them uncomfortable to live near graveyard. People find it terrifying to live 24/7 near graves. According to one research, properties situated near graveyards usually sold in less value.
It usually cause disturbance amidst individuals to watch funerals and hear mourns of those who lost their loved ones on regular basis.
No Educational Institutes
Having good educational institutes near your home is a priority for everyone. That is the reason why developed societies have good schools branch in locality. Since, education is much important and people don’t feel secure sending their children to far away areas.
Thus, absence of quality educational institutes in vicinity of your home actually abbreviate your home value.
Close To Power Lines
Buyers avoid houses having power plant or main power lines near to them. It happened due to safety concerns. From Real Estate perspective, it badly effects your home sales value. Although, without this utility, life is impossible. But it is the most unwanted feature when it comes to buying your own home.
Connectivity to main areas of a city from your home is one of the integral thing. If such connecting roads are bad in shape then people refrain to live there. Ultimately it affects the overall value of property.