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Buying a
Home With Resale Value
Location
- The Local Neighborhood
The term "local
neighborhood" refers to an area wide enough to cover your
residential area plus nearby stores such as the "neighborhood
grocery store."
You want to be sure all
essential shops and services are located nearby. This would include
grocery stores, gas stations, dry cleaners, and convenience stores.
There should also be fairly convenient access to local highways, major
traffic routes, and mass transit.
One thing
you should look out for, though. If your local
shopping center is in decline, it could be an indicator
that the local neighborhood is in decline, too.
Check to see if a lot of storefronts in your local center
are vacant or available for lease. If they are, you
might want to consider moving your purchase a few blocks.
copyright 2006 by Terry
Light and RealEstate ABC |
