What is more important for buyers?

What’s more important: Location or Size?

What comes first in Mind when you are planning to buy a property: Location or Size? What’s more important? The location or size debate is one that most issue home buyers are confronted with. This is a valid concern that should ideally be addressed on a case-to-case basis. One who invests in property wants both i.e., a best location with a standard size home. But is everyone getting a perfect property according to their need? There are certain overarching guidelines that can help you pick between a large house in a not-so-great location and a small or mid-sized home in a great location. The following are some of the factors to take into consideration:-

1.     Assess your requirements carefully:-

If you decided to buy a large house it should be based on your requirements in the present day. Do you have a large family or if you’re planning one soon, then a bigger house should be the preferred option. But if not then you must prefer a small house at best location which will be easily available according to your need. Best property in Lucknow

2.     Determine the resale value:-

A home that is well located is likely to appreciate faster and better than a large home that does not offer good connectivity in and around town. However, a spacious home with world-class amenities will also have a good resale value. When buying property, ensure that you will get a good resale value in future. This will help you make decision better and get best deal.

3.     Consider an upgrade:-

In some case, you could consider rearranging, remodeling or renovating a home to suit your changing needs and preferences, but there’s little that you can do about the location. If the location offers quick and easy access to your workplace, schools and hospitals, shopping malls, public transit systems, etc., then without a doubt, pick the home with a better location.

If you are investing in a home for purely financial reasons, go for the better location. For residential purposes, it may be a better idea to go for a spacious home. However, a great location and a sizable home is the most winning combination. Best real estate company in Lucknow.

4.     Evaluate the ROI:-

A bigger home is better suited for one’s own living purpose, as it is a little more difficult to find tenants for a large home than it is for a smaller home in a well-connected part of town. If you are looking for rental income or better ROI, go for the better location regardless of size. Large home and a great location will benefit you in future as the value of property always increases.