Top Things to Live Near that Affect Home Values
Your home is your sanctuary, the one place you probably spend most of your time to rest and relax. However, it’s also the place where a large sum of your money is invested, thus it’s only natural that you’d want to ensure it’s surrounded by conveniences and elements that would routinely drive up the value of your home.
In general, property prices tend to appreciate steadily each year, only with some exceptional cases that might cause a certain property to depreciate. However, did you know certain accompaniments in close proximity to a neighbourhood or development can positively affect the value of homes?
Public Transport
Probably the most well-known value-booster of home price and most notably in Malaysia are the LRT and commuter train systems. For young adults who are looking to rent without much disposable income for their own car, this is often a key factor that they look for.
Conversely, home values tend to appreciate slowly or even marginally in areas where public transport, even taxi services are not readily available.
Educational Institutes
Homes situated near top-rated schools in the country are highly sought by young families; this includes international, private and some vernacular schools as well.
Parents, who can afford slightly higher housing price tags, wouldn’t mind paying more to secure a property in close proximity to such schools to avoid long, daily commutes.
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