There’s a famous saying in the real estate business: “Location, location, location”. It simply means that where your home is located – your neighbourhood – is just as important to potential buyers as the features of the property itself.
Sellers often make the mistake of creating a long list of home features while ignoring neighbourhood features. They tout the spacious kitchen, and the newly renovated bathrooms, but say little about the area.
So, when you’re ready to sell your home, sit down and create two lists: home features and neighbourhood features. Buyers want to know both.
On the neighbourhood features list, include:
- Locations of schools and daycare centres.
- Major retailers and shopping centres.
- Proximity to major commuting routes.
- Theatres, night clubs and other entertainment.
- Rinks, gyms and other sporting facilities.
- Green space, walking trails, and ponds.
When buyers have their eyes on two properties which are comparable in features, the neighbourhood is often the deciding factor.