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