Property News

“Hit The Road”
Added on 20 March 2017 by Peter Ryder

“Location, location, location” is the somewhat overused maxim applied by many as a rule of thumb when selecting a property. However, a closer look reveals that a compromise in this principle can produce significant benefits for property purchasers.

Clearly, most purchasers’ idea of a dream home is one in perfect condition, with a beautiful garden, massive sunny accommodation, off street parking, and found in the best street in the area – preferably a quiet, leafy, cul-de-saca and of course, it must be cheap!

Sadly this idyllic combination does not exist, because if the first seven criteria are satisfied, then the price is likely to be high.  So budgetary constraints typically force buyers to accept a degree of compromise. For many, this will mean asking the children to share a bedroom, making do with a patio rather than a garden, doing some DIY or parking the car in the street. Last on many people’s list is buying on a busy road!

Yet consider the advantages. Firstly, properties on a busy road are usually considerably cheaper than similar properties in a quiet street. This means that you can buy far more for your money. It could well mean that you will not have to compromise on those very things that contribute to an attractive property lifestyle. You might actually gain attributes such as a playroom for the children, a garage for the car, or a garden large enough to exercise the dog.

Most people who live on a main road tell us that they no longer notice it. And there is no reason to think that such a property might be a poor investment either, because just as you bought it at a discount, so you will sell it in the future – although by then it may well be in a traffic-calming zone!  

Peter Ryder

Managing Director

Thorntons Property

News Index “Hit The Road”20 March 2017“Catch 22 –Should I Sell First or Buy?”13 March 2017“Working In Partnership with your Estate Agent”06 March 2017FEB REPORT - “Slow Growth with Strong Demand”27 February 2017“Why Overpricing May Leave You Out Of Pocket”20 February 2017“Cupid the Estate Agent?”13 February 2017“How Long Has It Been On The Market?”07 February 2017Market report – January 201729 January 2017“Valuation Versus Value”17 January 2017“How Many Should We See?”08 January 2017“Should Your House Have Sold By Now?”17 December 2016“Removal Planning”05 December 2016“A Winter’s Sale?”27 November 2016“Distorted Opinions?”21 November 2016“The Advertising Myth”14 November 2016“A Move by Christmas?”07 November 2016“Finding the Right Property”31 October 2016“Relative Values”17 October 2016“It’s Not Just About Selling”26 September 2016“A Proactive Approach Essential”19 September 2016“Avoid Virtual Tours”05 September 2016“How Serious is my Buyer?”29 August 2016Clutter Costs !22 August 2016The Feelgood Factor15 August 2016The Agent you Prefer - at the Right Price08 August 2016First Impressions30 July 2016Choosing Your Solicitor25 July 2016“Should I Sell During the Summer Holidays?”18 July 2016What does Brexit mean for the Scottish property market01 July 2016Top tips for viewing properties like a pro17 June 20165 methods for improving your kerb appeal17 June 2016Tips for saving for a deposit17 June 2016Property perfect move for Natalie30 May 2016Thorntons Top after ESPC Mystery Shop29 January 2016Increased buyer demand will drive house prices up during 201622 December 2015Property solicitor gives local food bank a boost20 December 2015Second home levy will boost Dundee property market 15 December 2015Unique opportunity to buy a stunning new home in an award-winning development in St Andrews11 November 2015Tayside property specialists lead the way in boom time16 September 2015
© Thorntons Property 2017
Website Design: Plexus Media, Inverness