So often when buying a home buyers don't look at the long term impact of location. The number one rule in real estate is location, location, location.
Location does not only apply to the city or area of the town where the home is located. The location of a home within a subdivision can play as big or bigger part when it comes to resale.
Homes located at the front of the subdivision or on the edges of the subdivision normally have a lower resale value than homes in the middle of a subdivision. They may look great when the subdivision is new but what about when the area is 10 years old? Here is what happens. The brand new subdivision is off by itself when it is new so being at the front or on the fringe edges is great. You have fewer neighbors and a greater feeling of space and freedom.
Invariably when you move into the front of a subdivision you will probably be one of the first owners. This means you will have to contend with the development of the rest of the neighborhood. Trucks and workers will be passing your home all day long. There will be nails, debris and trash everywhere, and constant traffic. This is will make it difficult to attract buyers should you need to sell. Also, it is possible that the road outside the subdivision may need to be widened at a future date. This can have a huge impact on your resell value.
Homes on the fringes of the subdivision look great when a subdivision is new. Often times the backyard backs up to undeveloped land which looks like a plus to the novice buyer. Then about three years after you buy your dream home developers decide to build an all night grocery store right behind your home. There goes the resale value.
When looking for a home, always consider the resale value of the location within the subdivision. Homes at the end of a cul-de-sac almost always sell faster and for more money. They are considered more desirable to potential buyers. Homes that are at least two streets from the main thoroughfare of the subdivision can produce the same results. Try to stay away from the front or edges of a subdivision unless there is a physical boundary that will prevent future development of that area like a lake or park.
Marsha Standifer has been in the real estate industry for more than 25 years. As a real estate consultant, she assists both buyers and sellers with all aspects of buying and selling real estate.
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