Homes in the path of low-flying airplanes might sell for less because of noise concerns.
- Subway Lines
Proximity to a subway line can increase a home’s value, but not if it’s so close that your dishes rattle every time a train passes.
- Empty Lots
Love your balcony? Make sure there are no empty lots next door or that gorgeous view could become a new condo tower.
Good schools drive up property prices.
Thinking of buying a condo? Find out where the garbage chute is in relation to the unit – related noises and smells can send the resale value down the chute.
- Grocery Stores
Close proximity to a grocery store can increase the value of a home, especially in the downtown core. Find out what amenities are nearby.
- Next Door Neighbours
Proximity to an apartment building or other multi-unit structure (as well as that pub next door with the outdoor patio and brand new sound system) can negatively impact resale value.
Highway accessibility is a good thing, but it can also create traffic, noise and air-quality concerns for future buyers that could negatively impact a home’s value.
Let the searching begin!
Your home is more than just a house, so make the smartest choices you can to suit your lifestyle. You know yourself – and your family – best, so keep these tips in mind as you hunt for your next abode.