Author Topic: Real Estate Location : The Good, The Bad and The Ugly  (Read 1276 times)

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ZuvelCompany

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Real Estate Location : The Good, The Bad and The Ugly
« on: May 13, 2012, 10:13:43 PM »
Real Estate Location : The Good, The Bad and The Ugly

Did you know about the three most important secrets of real estate investing?

They are the following: “location, location, location.”

Now consider this: Which of the two properties would you rather buy?

A bad house in a good location
A good house in a bad location
To give you a hint, let this real estate principle guide you: “A property of higher value is negatively affected by its association with lower value properties.” That’s the Principle of Regression and is mostly applied when appraising a property. The counterpart principle is called the Principle of Progression, which implies that the lower value property tends to be positively affected if it is in close proximity to a higher value property.

Principle of Progression and Regression Explained

So needless to say, if you can afford it, you should buy a property with a good location. A bad location is like a waste of money.
But how do you determine a good location from the bad? Below are some tips.

Good Location
1. Close To The Best Schools — The presence of good schools in a community almost always determines whether it will go up in value or not. Especially if you have school-age children, you should select a house that is near the best schools in your area.

2. Close Business Shopping Centers and Recreational Facilities — Many of us Filipinos would not want to stay at home, especially on holidays and non-working days. We would rather be at the malls, dinning out or in any other places. If you live in a house that is a just a few-minute commute to the business centers, that’s a good pick of a location.

3. Accessible To Public Transportation — This is quite self-explanatory. The main advantage of having access to public transportation (jeepney, bus, taxi, etc) is that you can use those if your car break down for some reasons. Also, some families would prefer not having a car, so public transportations are very useful for them.

4. Peaceful, Safe and Quite Community — It’s very important that you live in a city or town where the crime rate is very low, where you and your family can be safe and at peace with everyone in the neighborhood.

5. Community with Stable Economy — Select a place where business is booming and the unemployment rate is low. This is an indication of a progressive society.

Bad Location
1. Deteriorating Neighborhood — Have you seen a village or even town where the road networks are dilapidated and almost left unmaintained for a long time? How about a place where squatters are in abundance with no signs of being relocated? Beware of investing in those locations.

2. Dangerous and Hazardous Communities — Chemical Factories, Power Generators, Rail Roads, and High Speed Expressway. You don’t want to risk your health or life living in such places as these. And naturally, no one in his right mind would want to live there, too.

3. Economically Depressed Cities and Towns — War-torn provinces, rebel-infested places and cities where businesses are dying. These are examples of locations that you should avoid as much as possible.

4. Noisy Areas and Crime Ridden Places — Of course, you want to sleep soundly at night. And you want peace and harmony with your neighbors in your community.

5. Low Quality Facilities — Think: clean water supply, uninterruptible electrical supply, cemented road networks and all those things that allow the residents of a particular place to live in convenience. If those things are missing, maybe you should cross that location out of your real estate investment list.

~~~This article is written by Carlos Velasco.

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Real Estate Location : The Good, The Bad and The Ugly
« on: May 13, 2012, 10:13:43 PM »

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jeckdaniels

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #1 on: April 14, 2014, 10:59:09 PM »
Salamat dito! Ngayon ko lang to nabasa kahit matagal na itong post mo. Maganda na mabasa din ito ng lahat para maging informed pa sila lalo when choosing a location for real estate :)

RichPoorDad

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #2 on: April 23, 2014, 10:08:49 AM »
Location is the secret to success. :)

dapat strategic ang lugar.. kung hindi kasi strategic wala din.  kalimitan sa mga nagiging strategic is yung mga positioning ng mga malls. basta may mall don na papasok ang real estate property development. ganyan ang style ng SM ngayon e. Malling muna sila before engaging to real estate property development.

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serialflakes

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #3 on: April 23, 2014, 07:53:19 PM »
Ang tagal na ng post  ;D

Anyway, agree din ako na location talaga ang nagdidictate kung tataas o bababa ang value ng isang Real Estate property. Makikita mo naman sa pricing ng mga binebentang properties.
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jenicasoriano

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #4 on: March 30, 2015, 08:30:43 PM »
Location is the secret to success. :)

dapat strategic ang lugar.. kung hindi kasi strategic wala din.  kalimitan sa mga nagiging strategic is yung mga positioning ng mga malls. basta may mall don na papasok ang real estate property development. ganyan ang style ng SM ngayon e. Malling muna sila before engaging to real estate property development.




Oo tama. Depende din sa safety ng lugar. Kung maayos ba lakarin yung labas nung place at kung mabilis ba mag flood yung location. Magiging hassle yan para sayo.

BoyAlvarez

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #5 on: March 31, 2015, 12:56:40 PM »
Ang tagal na ng post  ;D

Anyway, agree din ako na location talaga ang nagdidictate kung tataas o bababa ang value ng isang Real Estate property. Makikita mo naman sa pricing ng mga binebentang properties.


Eh pwede rin dahil sa mga amenities pero may point ka din naman. Kasi depende din sa convenience ng location. Kung malapit ba sa school, hospital, o mga mall.

BusinessManPH

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #6 on: August 11, 2016, 09:00:33 AM »
ang question talaga is.. how would you measure kung ang isang bahay at lupa or kahit condo is worth kung imemeasure natin sya in terms of location wise ? sino nag didictate sa market nyan?

Valerie_Cruz

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #7 on: February 08, 2017, 05:08:27 PM »
One factor for me is kung madali syang iparent or ibenta. In case, lumipat ka ng workplace or you have to go abroad you'll have extra income.

AdGeek

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #8 on: February 09, 2017, 01:59:57 PM »
Tama ganyan din style nung ibang ofw

jenicasoriano

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #9 on: May 03, 2017, 02:03:36 PM »
Any suggestion kung saan pwede magavail nang condo if I will work in Pasig? Yung traffic-free sana at accessible. Thanks!

Msanti

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #10 on: May 22, 2017, 06:08:25 PM »
May alam po ba kayo na condo somewhere in Taguig or Makati na malapit sa hospital?

IntraLover

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #11 on: May 23, 2017, 12:06:36 PM »
Yun bang StLukes Hospital sa Taguig?


eto po... listahan..


McKinley Park Residences – The nearest residential condo to St. Luke’s Medical Center, just one block away. Please note that the condo has a no pets policy

Sapphire Residences – Two blocks away from the hospital, but still well within walking distance, Sapphire Residences offers a good range of 1BR to 3BR nice condo units for rent

Grand Hamptons – Opposite of Sapphire, Grand Hamptons is a two towers residential condominium from the same developer (G&W) which can also be an option to be within 5 mins by walk from the hospital

The Fort Residences – Along 30th street, TFR offers a mix of loft apartments (2 floors) and flat layouts with balcony. Still no more than 5 mins away from St.Luke’s

Crescent Park – The latest project from G&W Architects, with nice apartments in range from 1BR to 3BR. Nice corner apartments with view of Burgos Circle

Penhurst-miniPenhurst Parkplace – A residential condominium buiding with 2BR and 3BR apartments open for short and long term rentals, located 1 block further than the previous ones in the list


Bonifacio Ridge – Fronting Penhurst, Bonifacio Ridge is currently the nearest Ayala residential condominium to St. Luke’s. It offers 2BR+den condo apartment for long term rentals

WorldPerksPH

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #12 on: May 23, 2017, 12:09:26 PM »
Any suggestion kung saan pwede magavail nang condo if I will work in Pasig? Yung traffic-free sana at accessible. Thanks!

kung mismong Ortigas Pasig, marami... . may BSA Twin Towers malapit sa megamall, tapos may Condo din sa Sapphire Residences. Citiland, Tapat ng Robinsons. Millenium Ortigas plaza... magkano ba budget mo?


Check it here.

Click the image to learn more...

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Re: Real Estate Location : The Good, The Bad and The Ugly
« Reply #12 on: May 23, 2017, 12:09:26 PM »

 

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