Aside

How does location affect my home value?

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We all know the three key factors in real estate: Location, Location, Location. Maybe it is an over-simplified axiom, but it is still relevant today. But what variables affect home price? Here are some of the major ones that affect locational home value:

  • On a cul-de-sac vs. drive thru street
  • On a busy vs. quiet street
  • Gated vs. non-gated community
  • Views of ocean, lake, or mountains vs. buildings, industrial, etc.
  • The School Boundary in which it lies (will go up or down based on desirability of school)
  • Walkability to outdoor activities, stores, restaurants, and businesses
  • Lies within a Natural Hazard Zone (Fire, Flood, etc.)
  • Known area to negatively affect value (such as soil settlement issues, nearby or in a commercial zone, under a flight path, near active train tracks, etc) 
  • Stage of neighborhood life cycle (Growth, Stability, Decline, or Renewal)

These are some key aspects to pay attention to and let guide your decision-making when searching for a long-term home.

Chris Chin |Broker & Owner

Seaside Realty

DRE 01882756 | SeasideRealtyVC.com

830 E. Santa Clara St.  Ventura, CA 93001

Cell 805.258.2870   Fax 805.856.1583

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