Real estate Do you think location plays a major role to determine success of a real estate investment?

[sincerem]

Location is one of the determinants of a successful and unsuccessful real estate investment. When you make a wrong choice, and opt in for an unfavourable location for your building project or land project. You'll simply run at loss, due to poor location choice. Which is generally attributed to lack of development that lacks everything that makes a lively place.

When we say lacks everything that makes 'life worth living for, it's simply, lacking social amenities, bad roads, lack of electricity, insecurity, high rate of crimes etc. This kind of negativity causes a long time underdevelopment of a particular geographical location. And any real estate investor who invest in such kind of area without proper survey about the condition of the location, simply set to lose money unnecessarily.

 

[Hassanbenjamin]

It really does because raising a structure or real estate business in a place where there is a very high cost of living or high population will attract huge patronage. I think high patronage will determine the returns in the business.

 

[Jasz]

In my experience, location absolutely matters when it comes to real estate investment. Location is important for determining the quality of a property's upkeep, as well as how quickly you'll be able to sell it.

For example, if you invest in a property located in a less safe area, people are going to be less likely to pay top dollar for it and might even skip over it altogether. If you invest in a property in an area with high standards of living, then you'll get higher-quality tenants and will be able to sell the property quickly and for a better price than if you'd picked another location.

Location will determine how much it costs to operate and maintain the property. You should always take the time to research a property's location before you decide to invest in it.

 

[eldavis]

Location plays a major role in every offline business, while selecting a location for your business, it Is expected that you make sure it's a place where you have easy access to your target audience. Every business has a target audience. Once your business is in the wrong location far form your target audience, they would definitely cause low sales.

 

[Ridorz]

Location can determine the success of a real estate business, if you invest capital in real estate in an urban area where there is constant electricity, good infrastructure, and drinkable water, the business will succeed. Because it will be getting value every year and it will get expensive.

 

[Sotherefore]

From what I have read so many times about real estate investment , I believe that whenever we are interested to invest in any property of our interest , location should always be the most important thing to consider because a perfect location is what will determine the success of our real estate investment.

Obviously , if we are investing in the Urban settlements, we might consider that to be a profitable venture because the huge population of people who will drive our business or Investment to a profitable stage compared to investment in the rural settlement that has low population of people.

Even in the urban settlement , we still have to consider so many things before investing because there are some location in the Urban settlement that won't be profitable for investment .

For example , if we are buying a property close to a university campus, the property could actually generate a lot of money if we are to used it for renting purposes.

Normally when the location is bad , the business will not be profitable and also, when the location is good the business will also progress.

Investing in Urban settlements or a good location comes with own disadvantages , such as huge capital requirements .

 

[Mika]

Location plays an important role in determining success in the real estate market. For instance, you will earn more profits by investing in urban property compared to rural property. Even though location determines how much money you can profit from real estate, it is not the only reason for profiting from real estate. There are a lot of things involved. For instance, how much money you have also determines your success. If you have a lot of money and if you have invested in really good property, you will profit more. If you do not have a lot of money and can not invest in good property, how can you profit? Let me exemplify, you will earn more by investing in a 5-year-old house compared to 20 year old house. The commercial value of your property also determines your success. For example, you will earn more profit by investing in a commercial building compared to a residential property. The type of property will also tell you whether you can be successful or not. If you invested in a house or a building, you will earn more compared to your investment in a landed property. Your ability to hold investment also plays an important role.

 

[Shigobad2020]

In every business activities , after having a good business plan , you must also include location in your research to be able to get the best available place neccesary for the survival of your business , because without getting the best location , your business will be crawling like a snail or remain stagnant and the same things applied with real estate business ,
A good real estate business man or woman must take the location seriously when doing business , taking for example your are into buying ans selling of land , you must realised that buying a land in a developed area I the best for you to make more money or you can also buy land in a developing area that might develop soon , then you sell at a higher rate .
And when you are building a housing property , you need to build in an urban area just to make better sales , most people are building hostels beside big schools nowadays so that student without accommodation can rent .