What’s more important when it comes to buying a home? The style and size of the house? Or the neighbourhood that the home is in?
This question was posed to a panel consisting of RE/MAX Sales Associates throughout Canada—to get their thoughts on what’s more important: style or location?
91% said “Location” is most important
Of course the debate between style or location will always come down to the client’s preference; however, from a re-sale point of view, it’s better to choose an appealing neighbourhood, according to many of our Influencers. Here is what some of my colleagues across the country have said about this topic. I have to agree here, hence the expression “Location, Location, Location”
“Your home is not an isolated island. For investment purposes down the road, it might be tougher to sell a nice house in an unappealing community,” says Gerry Footz, RE/MAX Elite.
Another consideration is that it’s much easier to upgrade your home than your neighbourhood. A great neighbourhood will always maintain the value of your home. You can always fix up a house and get a good return on your investment.
“A building could be renovated at the right price. Negative externalities of the neighbourhood can’t be immediately fixed, such as railroad tracks next door,” says Bryan Furman, RE/MAX Results Realty.
A great location is also ideal from a lifestyle point of view. Many families share a vehicle; therefore, it is incredibly important that they live within walking or cycling distance of work, schools and/or shops.
“Choosing a home that is in—or close to—the neighbourhood where you spend your time working or socializing causes less stress than having to commute,” says Karen Carter, RE/MAX Crest Realty Westside.
9% said “Style and Size of the home” is most important
Although most of our panel participants believe in the phrase, “location, location location,” there were still a handful of respondents who argued the style and size of the home is most critical to make sure it matches the needs of the client.
For example, if you move into a house that is smaller than what you were hoping for, although the location might perfect, the cramped home may impact your emotional wellbeing on a daily basis.
“You live in your house every day. If the layout doesn’t fit you or your family, it won’t work. Of course location is very important, but don’t compromise your biggest investment.
All of our pane;l members agreed that they will work their hardest to make sure you get the right home to fit your needs, in the best neighbourhood possible.
Are you searching for the home that is in a great location and is the perfect style for you? Reach out and ask Douglas Pritchard a sales representative with RE/MAX Affiliates realty ltd., brokerage to help you with your search.