Neighbourhood Features that Increase the Price of Your Property

Just the property and its condition are not the only things a buyer looks at when buying a property. The neighbourhood and the locality also play a crucial role in the price of the property. The well being and the good flourishing neighbourhood is not just the added advantage; it is one of the most critical aspects of property selling.

We list down the neighbourhood features that will increase the price of your property:

School nearby

Gone are the days when people used to save money all their lives and buy a home nearing retirement. Now, since the banks offer home loans, people in their 20s and 30s have decided to take a plunge and buy themselves a house. As young they are, it is obvious that in future they will have a family of their own and will want to settle in a locality that will have a good school nearby.
You must have noticed that the prices of properties are higher in the areas where there are good schools and colleges. Everyone wants their children to get the best education and buying a house that will be near an excellent education centre is something that is on their radar.

Healthcare

Taking care of one’s well being, and health is of prime importance. Most people live with their parents who are in their old age, and it is necessary that a good hospital or healthcare centre is nearby them. Most high rise building also offers helipad on their roof for emergency medical situations. It is understandable why the price of properties in such areas will be higher than others.

The area closer to the market

Retail therapy is the best way to beat the stress and every day more, and more people indulge in it. As much as we love to shop in air-conditioned malls and buy expensive stuff, one cannot overlook the fact that a local market is also a place where people regularly go and purchase the commodities. There is a general misconception that areas, where the malls and independent shops are located, are the only expensive ones. But in reality, the prices in the areas where there are local sellers are higher too.

Proper connection

Living in a metro city, where reaching from one place to another can take anywhere between an hour to two, it is essential that every locality must be appropriately connected. A locality that has proper access and transport to places like railway station, airport, hospital, schools, have a higher cost than others.

The name game

As much as one would like to avoid believing that the popularity and good name of the neighbourhood are not related to the cost of the property, it is not valid. Localities with better popularity and living conditions have higher rates than others.

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