When it comes to assessing the value of a home, its location is the first thing that is taken into consideration. There are many key benefits of investing in a well-located home. Here are some of the prime advantages of a good location:
Accessibility: A well-located home offers you quick and convenient access to your workplace and to a wide range of civic amenities, such as schools, hospitals and healthcare facilities. The roads and public transit systems in the locality enhance the connectivity within and around the city.
A better lifestyle: Access and proximity to shopping malls, multiplexes, hotels, restaurants and cafés is an added benefit of a property in a good location. Residential projects in good localities offer a wide range of amenities, services and conveniences, and the assurance of uninterrupted power and water supply.
Safety and security: One of the most important reasons to pick out a good location when buying a home is to ensure one’s safety and security. Moreover, a good location is well managed by the local authorities and is free from threats of encroachment and crime.
Better surroundings: A serene and pleasant neighbourhood is an important feature of a well located home. Additionally, when a home offers a good view, it is always going to be valued and sought after.
Greater ROI and resale value: Well-maintained roads, access to public transit systems, connectivity to the airport and railway stations, and easy access to the key parts of town are the most important factors that determine the ROI, resale value and the scope for rental income.
BACK 11, March 2018