Welcome to Southwest Florida Real Estate

Ways that SW Florida Location, Location, Location! Affects Value. “Location, location, location!” is one of the few proclamations which needs no verb, no adjective, no preposition to fully communicate its message. Everyone in SW Florida understands—and usually agrees with—its meaning: The location [of something] is all-important.

Ways that SW Florida Location, Location, Location! Affects ValueIn the commercial context, it used to mean “your store better be situated somewhere that gets a lot of the right kind of traffic.” Today, in the same context, that “traffic” can be clicks on the web rather than auto or foot traffic. Either way, location, location, location! stands for a truism that’s inarguably valid.

What’s interesting about the SW Florida location, location, location! axiom when it’s invoked in a residential real estate context is how true it remains—though for different reasons. When it comes to buying or selling an SW Florida home, location isn’t vitally important because of its being visible or easy for prospective buyers to find. This meaning of “location” points to a property being more or less desirable for a variety of reasons:

  • Accessibilityoffers easy access to SW Florida places of business, recreation points, etc.
  • Inaccessibility—provides an oasis of privacy
  • Position—offers superior orientation: for instance, receives more (or less) sunshine.
  • Geography—takes advantage of superior land features: for instance, is on a hilltop, by a stream, etc.Ways that SW Florida Location, Location, Location! Affects Value
  • Exclusivity—it’s in a respected, physically safe neighborhood, home to successful families
  • Community—offers desirable schools, lower tax rates, well-kept parklands and the like. The Brookings Institution finds that living near a high-scoring school can increase a home’s value by $100,000—or more!

Needless to say, another facet of location, location, location! in SW Florida is how important it can be in dollars and cents. It isn’t just that houses are listed for different prices depending greatly on their neighborhoods and even locations within the same neighborhoods, but the ease of buying and selling can also be Ways that SW Florida Location, Location, Location! Affects Valuelocation-dependent. The “comps”—estimated values assigned by reports of sales of similar properties—are assembled taking into account how near or far they are, as well as the characteristics of their neighborhoods.

For the most part, people tend to agree on the value of those location, location, location! characteristics—but in case you aren’t one of the crowd, the financial repercussions can be noteworthy. If, for instance, your ideal degree of privacy makes you value a home that’s considered to be too far out-of-town for most people, the asking price could be at a considerable discount from the same house closer in. If you prefer cool, shady backyards over more open and sunny ones, your offer might be accepted by an eager owner who’s not had many other takers.

Ways that SW Florida Location, Location, Location! Affects Value. Location, location, location! may be a cliché, but it’s been around forever for a reason. When you are house hunting—especially if you are new to SW Florida —it’s important to give special attention to local neighborhood characteristics that may not be obvious at first glance. In SW Florida, it’s another good reason to count on a knowledgeable local real estate specialist…like yours truly!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s