Anyone in the market to purchase their own real estate will have their own particular requirements for their search. It’s true that what may seem like a dream home to one person may seem like the opposite to another. For instance, it’s the goal of many to escape to the countryside one day, purchasing a home with plenty of bedrooms in a gorgeous green location they can feel at home in, rather than living in suburban or inner-city environments all of their lives.
However, it’s also true that while taste must always come into the equation (this is your potential home after all), there are some hard and fast virtues a home may sport worth considering. For example, a home that may have been recently renovated to a high spec standard is often considered more desirable than a home that needs extensive work to make livable, that is unless you’re looking for a project to invest in.
So, let’s consider some of the worthwhile elements of real estate and property, as well as what kind of virtues may be worth prioritizing:
Proximity To The Water
It’s true that not every house can be situated near or on the waterfront. Doing so grants you spectacular views, and perhaps access to the waterway you can use for your own purposes, such as fishing, taking a boat out into the water, and maybe even determining an additional access route to the property.
Finding proximity to the water can escalate the real estate value of a property, but it may also be something worth investing in over time. After all. The reason this is so desirable is that, outside of the obvious examples, a minority of homes are able to be constructed so close to the waterfront, particularly if the land you own touches the water and gives you access to build your own deck or staging area.
As you can see via these luxury oceanfront homes, there’s almost nothing more impressions and beautiful to consider than this.
Land Holdings
Of course, most property sales will include the land the property is situated on, even if that’s just a small back and front courtyard in a terraced inner-city environment. However, with valuable real estate, land holdings may be extensive.
It can be truly valuable to add an acre of space to the deed of the property, to expand the garden, and perhaps to even have a chance of purchasing land from the farmers surrounding you. Land is truly a valuable commodity and not everyone has the chance to own much of that space. If you’re planning to run a smallholding, or simply cultivate a renewed driveway area, or maybe extend your property planning with additional buildings such as barns, independent offices and log storage areas, this is a worthwhile investment. That can also tie into:
Privacy
There’s a reason why some of the most valuable home sales are comprised of properties with an abundance of worthwhile privacy. The truth is that privacy isn’t always solely attributed to homes in the middle of a forest or in a remote region, sometimes, privacy can come from inner-city apartments that have the luxury of encountering no sight-lines into the property.
If you live in a suburban area but no houses can see into your garden, that can be considered privacy too. For this, many people are willing to pay a premium to secure this sense of comfort, because privacy not only allows us to feel more peace in our homes, but it keeps us safer and more secure too. Of course, you can certainly balance some of this on your own terms through interior design, such as fitting custom blinds to ground floor bathrooms.
Essential Provisions
When a home gets older, or has been converted a few times, the wiring, plumbing and installations such as the boiler can all be in need of care and attention. This is why essential provisions must be managed appropriately, and sometimes stripped and integrated once more in order to be valuable again.
For this reason, if a home has been newly rewired or if the plumbing has been inspected and repaired anew, the overall need for such intensive maintenance is lessened. As such, many consider the essential provisions of a property to be worth considering when making an offer, because it showcases that it’s unlikely more extensive expense is required.
As you can see, sometimes the most valuable features of real estate are luxurious, sometimes, valuable features are essential to maintain.
With this advice, you’re certain to manage the most valuable features of real estate going forward. This can help you plan your budget and which properties to pursue.