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Eric Brown, MBA
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What’s Your “Location, Location, Location”….???

If you are looking for a new house, you are faced with the choice between a “perfect” home in a “bad” location – or a not-so “perfect” home in the ideal location…. Which should you choose?

Real estate sales Agents and Brokers, if you have not already noticed, use the phrase:

LOCATION…. LOCATION…. LOCATION!!!

This phrase is constantly used, to keep in the forefront of your mind the relative importance of the location for your ideal “perfect” home!

It is proven that a house that is located in the ideal location will sell faster than a home which is not.

But, what is “ideal” to you, may not be ideal to another buyer!

Finding and deciding on your perfect location was part of my previous post about making your list of WANTS and realistic NEEDS!  If you have not yet read that article, take a minute and go read it, you will find many valuable ideas which will save you a lot of time and aggravation.

Since we live in the Bay Area, there are a lot of factors to consider such as your new home’s location next to a train like BART, or CalTrain.  Not to mention the AMTRAK and Freight Train tracks which run through much of the East Bay as well.

But, also, don’t overlook being next to, or nearby a freeway or expressway – they produce a constant source of noise, horn honks, gas fumes and especially kick up dust all day long!

Another consideration are high-power transmission lines, and even being next to Cellular Towers – that can often be cleverly hidden as a tree, or some other method of blending in, so be on the watch for them as well.

So, is “location, location, location” a very important consideration to you as a new home buyer, or first time home buyer?  You bet it is!

Remember, you can buy that “fixer” which is backed up to a train, or freeway for a greatly reduced price – and spend tens of thousands of dollars fixing it up, only to come to find out that you can’t easily sell it.

Another point I want to also talk about is a lot of brand new homes are now being build next to trains, high voltage power lines, freeways, because of the very limited fresh land which is becoming more and more scarce!

Even just 10 or 15 years ago, the builders would have never thought to build in such terrible locations, and charge these high prices for “premium” new homes – but now, I see it everywhere around the Bay Area!

Don’t let them fool you with their “well, it has triple-paned windows, so you will never hardly ever hear that train/freeway!”  I call “BS” to that!  Besides, what about the gas fumes and dust?

Is there hope – you bet!

Just remember to be prudent – if you are in an “older” neighborhood, such as Fremont’s Glenmore Neighborhood – which has older homes, but very well maintained, and is on a up-trend with new renovations, and their school district is also showing improvement – you just might find a “diamond-in-the-rough” which is my assessment of this area, and also why I live in the Glenmore area.  🙂

Find a good “turn-a-round” prospective neighborhood, which was built back when builders had scruples and ethics and would never back you up to a train, freeway, and under high-voltage power lines (in the name of greed, in my opinion) like many of today’s builders, and after you live in that neighborhood for 5 or 10 years, you may really come out winning!

Good luck, please let me know if this article has been helpful, post your comments below. 🙂

~ Eric

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