Location is one of the most important factors that you should consider when buying a fixer-upper home. The location of your fixer-upper home should be geographically strategic not only for your convenience but also for financial stability reasons. Strategically located fixer-upper homes are easier to resell and will sell for a higher price compared to those that are located in less appealing areas.
The location really depends on your preference. If you choose to stay in a quite, less populated area, then move away from the city. Fixer-upper homes in less populated areas are generally less expensive. Although saving on purchase price can mean having a less developed community, less recreational facilities or fewer amenities. Sometimes your location may even be away from hospitals, schools, malls and other major important establishments that should just be within your reach.
In general, people want to stay in the more developed cities. There are many fixer-upper homes being sold in different cities; all you have to do is be particular in choosing the right location.
One of the things that should matter when choosing a location is its accessibility to major roads and highways. For your convenience the location of you fixer-upper home should easily allow you to travel from one place to another. You don’t want to live in a deserted area, don’t you? Speaking of traveling, public transportation should also be considered. A location with good public transportation is a must.
Also, the degree of privacy within the neighborhood shouldn’t be overlooked. There are locations where the privacy of the home owners are highly valued and if you value your privacy, then check out the local neighborhood first.
Another consideration when it comes to strategic location is the proximity to schools, hospitals, shopping areas and other important facilities. Even if you don’t have children who are going to school, the proximity of your fixer-upper home to schools is important because it increases the resale value of your home if you plan to resell it in the future.
The location shouldn’t be hazardous to your health. It is important that you check the location if it is near health hazards like smoke, noise, odors and harmful chemicals.
Check for waste management disposal of the location as well. If you are going to live in that area, you would want to have proper disposal of your trash and snow removal.