How Proximity Affects Your Home Value - Breaking Down the Critical Factors
Posted by Tamara Williams on
Location, location, location.
You’ve definitely heard how important this is in real estate — and that's because it's true! Location is a crucial factor when it comes to the value of your home. Not only does what part of town you are in matter, but what is physically near you can actually help or hinder your property value. We put together a list of the most important proximity factors that will increase as well as decrease your home value.
Factors that increase home value
Schools
Homebuyers who have children are willing to pay more to live in a home that is closer to schools, especially ones that have a good reputation and high academic scores.
Entertainment
In most cases, homes that tend to be in walking distance or a short drive…
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