12 Factors That Will Affect Property Value
Posted by Jag Sidhu PREC* on
Property value is influenced by a variety of factors, each playing a crucial role in determining a property's market price. Whether you're a buyer, seller, or investor, understanding these elements can help you make informed decisions. Here are 12 key factors that affect property value:
1. Location
The location of a property is one of the biggest factors that determines its value. Properties in desirable areas with good schools, low crime rates, and proximity to amenities like shopping centers, parks, and public transportation tend to have higher values. The surrounding neighborhood's reputation and development plans can also impact property values.
2. Property Size and Usable Space
The size of the property, including the land and the…
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