How To Become Rich And Get Dumped

No kidding! It shows that I'm a bachelor.unless one buys the entire subsection of the city.
Most people buy residential real estate based purelyThis is the reason why one should buy the worst
on emotion, without ever really thinking rationallyhouse on the best street, and not the other way
about why they are doing what they are doing. Foraround.
example, I have a friend who lives in a suburbanIn every city and town there are invariably
community distant three hours by car fromneighbourhoods or areas that are 'in demand', and
Downtown Vancouver, where I live. As my pal alsothey are in demand for a reason - either they sit on
works in Downtown, he has to travel six hours eacha lake or river frontage, command views of the city
and every day of the working week - that's 30skyline, of a ravine or the ocean, or have peaceful,
hours per week just to come here to earn a livingleafy streets. Some areas are close to schools or
and go back home. That's an awful lot of driving.public transportation routes, or are unique in terms of
When I asked why he bought his home so far away,topography, history or population variety. So the
his answer was simple: that's where his mother-in-lawsavvy Buyer will try to get into these areas
lives, and the wife wanted to be close to her.whenever he can, and then will sleep well knowing
The trouble is, in that location the home is a toughthat he has taken care already of the resale value of
sell and will appreciate in value slowly, if at all. Heck,the home he has just finished purchasing.
I'm not even sure it's Canada .... Meanwhile, six hoursWhen shopping for a home, it is always best to avoid
a day on the road is enough to eat up a normal carhouses that sit near major traffic thoroughfares
every three years and run up a mountain of gas andbecause of reduced privacy and more traffic; or
maintenance bills. That real estate decision may makehouses sited next to schools or retail stores, as they
the wife happy, but it is hardly logical. The point iswill always sell at a discount compared with the ones
that when you are dealing with the single mostin the middle of a quiet residential block. And forget
expensive asset of your life (your house, that is ...about buying anything that is near a police, ambulance
not your wife), representing the bulk of mostor fire station, or a hospital or factory. Furthermore,
people's net worth, then emotion has to be relegatedit pays to avoid neighbourhoods that are in transition,
to the back seat.since tree-filled areas will always and invariably be
The most valuable feature of real estate, by far, isworth more than new, suburban streets with twigs
where it is located. The old adage of 'location,planted along the boulevards.
location, location' as being the three cardinal rules ofBut since what one buys will always reflect what one
housing is true today as it has ever been. Real estatespends at any given time, to buy the worst house
is, afterall, an unmovable commodity and it is worthon the best street is the sure way to maximize
what it is worth mainly because of where it is at.capital gains at the time of resale, simply by fixing it
Therefore, location is the very first thing to takeup a little. It sure pays to live where everybody
note of, not the condition of the structure that sitswants to live and make a little money in the process.
on that apron of land. In ultimate analysis, whateverAnd if you get dumped by your loved one in the
may be wrong with the house can always be fixed,meanwhile, look at it on the bright side - you can also
rebuilt, repaired, restored or replaced. However, aenjoy your new neighbourhood in peace and
bad or questionable location can never be changed -tranquility.