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Friday, January 20, 2012

Home Buyer Tip -Does Proximity to Amenities Really Impact Price?

I was showing properties this week at Heritage Isle in Viera.  Heritage Isle is a gated 55+ community in one of the most desirable ares of central Florida.

One of the properties we saw was located around the corner from the clubhouse, tennis courts, pools, etc.  And then some were several blocks away - similar but priced a little less.

I wondered if prospective buyers would place as much value on the proximity to the clubhouse.

Also this week I was showing a young couple homes in the Viera East neighborhood of Auburn Lakes.   One of the homes was located across the street from the community pool.  I wondered if this location near the pool had an impact on the eventual selling price. 

As a buyer you have to consider the location differences, even within the same neighborhood, when looking at prices.

My experience with Brevard County home sellers clearly shows being near the pool or clubhouse should be, in their eyes, worth paying a little bit more.
 
When I go on a listing appointment I like to ask the owner what they like most about their home.  Very often it is the proximity to the pool or playground!

So does proximity to amenities really impact price?   It all comes down to which side of the transaction one is on!

When you are ready to buy or sell real estate in Brevard County, Florida call me at 321-693-3850 or email me.


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