Arnold
CibbuanoProperty Buying Tips - Location
June 6th 2006 00:07
Experts will always harp on about the importance of “location, location, location” and for good reason. If there’s a serious problem with the house, this can be fixed. Albeit, an unintended capital investment in house renovations, restorations or fixes may not be ideal in terms of investment return, but at least it is a fixable situation. Once you’ve purchased a plot of land, its location is final. There’s no way of working with or fixing a property in a bad location. In this sense, location is the most important consideration when it comes to purchasing a property. So what factors dictate a good property location?
There are many factors which affect what determines a good property and it really depend what are of the country you are in the type of people that area attracts. For inner city locations, good transport and local urban facilities are essential. A low crime rate is highly regarded too. Properties with view are often preferred and fetch greater prices. When it comes to purchasing a property with views, be aware of the surrounding environment and lots. That nice council plantation may look pleasant now, but be aware that in a several years, those trees may grow to obscure your million dollar view of the oceanfront. There have been several cases of property owners attacking and poisoning trees and bushland on council property which is hindering a great view. This is highly illegal and attracts huge fines. Poisoning Council trees is a risky business, not to mention a very selfish act. It is best to avoid any tree growing disappointments and identify if this is a possibility before you invest in that million dollar view.
The other common obstruction is getting build out by your neighbour. If there is a block separating you and a great view take note of the state of the building and any Council building regulations which may restrict the upward development of local properties. Unfortunately it is a common occurrence. It is reasonable to assume that if surrounding properties are not developed, at some stage in the future it is likely that this will occur. Property developer are constantly looking for bargain buys with great views that they can add value to. Most property developers are not going to be too concerned that their development aspirations are going to block your views and lessen the value of your property.
When it comes to looking for location potential, be alert but not alarmed.
There are many factors which affect what determines a good property and it really depend what are of the country you are in the type of people that area attracts. For inner city locations, good transport and local urban facilities are essential. A low crime rate is highly regarded too. Properties with view are often preferred and fetch greater prices. When it comes to purchasing a property with views, be aware of the surrounding environment and lots. That nice council plantation may look pleasant now, but be aware that in a several years, those trees may grow to obscure your million dollar view of the oceanfront. There have been several cases of property owners attacking and poisoning trees and bushland on council property which is hindering a great view. This is highly illegal and attracts huge fines. Poisoning Council trees is a risky business, not to mention a very selfish act. It is best to avoid any tree growing disappointments and identify if this is a possibility before you invest in that million dollar view.
The other common obstruction is getting build out by your neighbour. If there is a block separating you and a great view take note of the state of the building and any Council building regulations which may restrict the upward development of local properties. Unfortunately it is a common occurrence. It is reasonable to assume that if surrounding properties are not developed, at some stage in the future it is likely that this will occur. Property developer are constantly looking for bargain buys with great views that they can add value to. Most property developers are not going to be too concerned that their development aspirations are going to block your views and lessen the value of your property.
When it comes to looking for location potential, be alert but not alarmed.
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