What Location, Location, Location, actually means: Debunking the Old Real Estate Adage

Just Google Maps it!

Location, Location, Location:

• How do you find the best location?

You look at specific criteria, like

the Neighborhood Grade

which Areas have the Best Schools

Employment Growth and Unemployment Rates

Population Growth

Proximity to Local Businesses

Vacant Rates

Property Managers/Landlords

Tax/Insurance Rates.

Let’s unpack these different criteria individually.

Neighborhood Grades:

• A, B, C, or D
• Neighborhoods are judged like they were in the school system. A-grade neighborhoods are the best, D is the worst. You get the idea

A

• This is not only how we classify the condition of the property but also based on the location of the property
• Newest buildings, hottest, restaurants, best schools, wealthiest people, and highest-cost real estate
• Best location you can find, and highest-quality tenants as well
• Newer and with fewer…