Published at Wednesday, April 25th, 2018 - 11:01:11 AM. Home Plan. By Susanne Meier.
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Location as the real estate agents say "location, location, location". Whenever you are dealing with Real Estate, the location is a very important factor in deciding for or against a particular lot. You will of course want a lot that is within a reasonable distance from your place of business. If you have children or plan to, you will want to research the schools as well. Also, you will want to make sure that the land that you are investing in is going to rise in value. Investing in land in an area with upward growth potential is a great way to insure the value of your property will rise.
For as many disadvantages as narrow lots offer, many buyers are embracing them. Smaller properties equate to smaller homes, which require less energy to run and have less to maintain and clean. Some buyers would rather have a smaller property and a shorter commute into the city than a larger house and a longer commute so they seek out these smaller plots. Young couples, single homebuyers, and empty nesters all love the smaller properties because it gives them just the right amount of space. For those who loathe yardwork, small lots can be especially attractive.
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