The Importance of Location in Real Estate Investing: Expert Insight

The location of a home can affect many factors that ultimately affect its value. These factors include social opportunities, travel times, school options, and general quality of life. So location has the biggest role in deciding the value of a property. If you find yourself in a situation where you have to sacrifice location to gain other benefits, you should never do that. Location value is also strategic and may not be obvious at the time of purchase. In this blog, we will explain the importance of location and how to choose the best area.

Why Is Location So Important in Real Estate Investing?

High Demand

Properties in desirable areas are constantly in great demand. This is because these places are well situated close to essential facilities including major roads, highways, hospitals, and public transport. Important things that prospective homeowners look for in a new neighborhood are a feeling of community, well-kept streets, and a safe and secure atmosphere. The high demand for a property is very useful when you want to sell your property, it is very easy to find a potential buyer. This means you won’t find yourself stuck with a property that you can’t sell or you lose too much to liquidate.

Comfort & Convenience

In addition to providing strategic advantages, a prime real estate site also offers ease and comfort. Long hours stuck in traffic are not a concern when you stay somewhere with good transport. traveling fewer hours to work will improve your mood and increase your productivity. moreover, you can spend the extra time you have to spend with your loved ones and family.

Related: What are the best areas to invest in Istanbul?

Good Rental Income Potential

A house in a desirable area would bring in higher rental rates, regardless of whether you're purchasing it as your second home or are just making an investment in real estate. Because it provides access to leisure facilities, public transit, and educational institutions, a well-connected site draws in a bigger pool of renters. These kinds of places are more desirable and convenient, which raises their rental value and provides you with a reliable stream of passive income. A well-located residential property can offer a 2-4% annual rental income.

High Appreciation Potential

Value appreciation is the key to successful investment in the Real estate market. luckily it is easy to define location where properties are expected to appreciate over time. Areas close to major commercial centers or city centers with good infrastructure have proven to be a wise investment. These areas ultimately cause the property value to grow significantly.

Resale Value

Purchasing real estate in a developing or emerging area might increase the value of your house when you decide to sell it later. A well-located property has more liquidity.

At Imtilak we take pride in selecting projects where the potential for higher resale value. Our clients who bought properties in Istanbul were able to achieve profit a few years later. Our expert agents identify projects that are well-connected to the transport network and important facilities.

5 Factors to Choose the Right Location for Real Estate Investment:

1. Centrality: Choose a property that is near the city center because outlying sections of vast cities typically see the biggest drops in real estate values when residents leave. Buying projects near the center protects your investment.
2. Neighborhood: Your preference for certain neighborhoods will mostly depend on your particular preferences. But a truly great neighborhood will have many essential elements in common: amenities, beauty, and accessibility.
3. Development: Future amenities are equally as important as those that are available now. Plans for additional public transportation, hospitals, and other infrastructure facilities could significantly increase the value of nearby properties.
4. Employment: Your quality of life may be negatively impacted by a lengthy commute. You also need to account for the potential for a change in work status. Are there any employment possibilities in your field of expertise in the area you are looking at?
5. Safety Concerns: A lot of individuals place a high premium on safety. You'll discover that homes are far less costly in high-crime neighborhoods. Moreover, you will find it much more difficult to locate a buyer when the time comes to sell.

How to Identify Whether the Location Is Good for Commercial Property Investment or Not?

A prime location is even more important for commercial property than residential properties. however, How to identify the perfect spot for successful commercial investment. Here are the most important aspects you should consider.

Ease of Access

The main factor that distinguishes a premium site is its accessibility. Can your staff members or clients easily locate the property? Can they access your property quickly, safely, and easily?

Proximity to Hubs

The prime location is always close to all the important landmarks and business centers of the city, including restaurants, retail centers, medical facilities, etc. This ensures more comfort for clients visiting your property.

Find the Perfect Real Estate Investment with Imtilak in Turkiye

Investing in Turkiye's booming real estate market is profitable. As real estate market offers many opportunities near the Bosphorus with a stunning view of the Istanbul skyline. At Imtilak, we provide properties that would appeal to every taste and need. Our expert team can evaluate projects and properties precisely leading to the right purchasing decision we helped many homebuyers to find their dream home. In addition, our lawyers are also ready to complete all legal aspects and prepare the documents required for property registration.

Contact us today and discuss your plans with one of our experts.