One Person’s Real Estate Trash is Another’s Treasure…

By Heather Faucher | Posted on June 16, 2009 | Filed Under Real Estate 

They say art is subjective, and that one person’s trash is another’s treasure. The same holds true in real estate, an industry that is very much concerned with appearances thanks to that holy grail known as “property value.” In other words, is that dump my neighbor calls his castle going to affect my resale value down the road? The answer is–it depends.

Some people love the unique or quirky. Others absolutely hate them. Strange and unusual properties can be found all across the globe, from the Toilet house in South Korea, to the guitar-shaped home in Fayetteville, Georgia, or even the house in England with the astoundingly accurate replica of the Starship Enterprise as its interior. Neighbors either love or loathe peculiarities like these, and tourists often flock by the busloads to photograph them. But is someone else going to want to buy such a taste-specific customization on down the road? Or, alternatively, are others going to want to pay to live next to that oddity?

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Location! Location! Location! The Exodus from the ‘Burbs to Downtown

By Heather Faucher | Posted on May 21, 2009 | Filed Under Real Estate 

Photo of San Francisco courtesy of FreeFoto.com.

Real estate agents have been chanting the “Location!  Location!  Location!” mantra for decades.  The difference in price between a house outside a real estate hotspot and a similar house inside the “zone” can be staggering.  And those who want to live in prime locations will pay top dollar to do so.  For a long, long time, the ‘burbs have been King when it comes to market growth as millions of people flocked from the overcrowded Big City to the suburban good life.  But now, most market and demographic indicators suggest that many Americans are moving away from the suburban and exurban areas and moving toward cities and close-in suburbs.  What’s behind this surge? Read more

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