What's More Important, Style or Location?

What’s More Important, Style or Location?

What’s more important when it comes to buying a home? The style and size of the house, or the neighbourhood that the home is in?

We posed this question to our RE/MAX Influencers—a panel consisting of RE/MAX Sales Associates throughout Canada—to get their thoughts on what’s more important: style or location?

Location

Of course the debate between style or location will always come down to the client’s preference; however, from a re-sale point of view, it’s better to choose an appealing neighbourhood, according to 91% of our Influencers.

“Your home is not an isolated island. For investment purposes down the road, it might be tougher to sell a nice house in an unappealing community,” says Gerry Footz, RE/MAX Elite.

Upgrade vs. Moving Neighborhoods

Another consideration is that it’s much easier to upgrade your home than your neighbourhood. A great neighbourhood will always maintain the value of your home. You can always fix up a house and get a good return on your investment.

“A building could be renovated at the right price. Negative externalities of the neighbourhood can’t be immediately fixed, such as railroad tracks next door,” says Bryan Furman, RE/MAX Results Realty.

Lifestyle Factors into Location

A great location is also ideal from a lifestyle point of view. Many families share a vehicle; therefore, it is incredibly important that they live within walking or cycling distance of work, schools and/or shops.

“Choosing a home that is in—or close to—the neighbourhood where you spend your time working or socializing causes less stress than having to commute,” says Karen Carter, RE/MAX Crest Realty Westside.

Style and Size of the Home

Although most of our Influencers believe in the phrase, “location, location location,” 9% of respondents argued that the style and size of the home is most critical to make sure it matches the needs of the client.

For example, if you move into a house that is smaller than what you were hoping for, although the location might perfect, the cramped home may impact your emotional wellbeing on a daily basis.

“You live in your house every day. If the layout doesn’t fit you or your family, it won’t work. Of course location is very important, but don’t compromise your biggest investment.

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All of our RE/MAX Influencers agreed that they will work their hardest to make sure you get the right home to fit your needs, in the best neighbourhood possible.

Are you searching for the home that is in a great location and is the perfect style for you? Find the right agent to help you with your search.

By Lydia McNutt|2019-12-18T21:58:16-05:00August 14th, 2019|Buying & Selling, Buying Tips, Selling Tips|Comments Off

PR & Content Manager RE/MAX INTEGRA, Ontario-Atlantic Canada

Lydia McNutt is an award-winning writer and editor, who’s interest in real estate, creative flair and love of the written word have brought her to RE/MAX. As Manager of Public Relations and Content at RE/MAX, Lydia is responsible for the creation and curation of content that informs homebuyers and sellers, and empowers them on their journey. Lydia executes on RE/MAX's public relations, communications and social media strategies, which includes developing reports, featured content and the consumer-facing blog at remax.ca. Lydia has been published nationally, on topics ranging from real estate, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is blissfully “momming it up” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at lmcnutt@remaxintegra.com.