In real estate, a location can be deemed negative for many reasons. For instance being located next to a train station, a busy road or a construction site can turn off potential buyers. If you are planning on putting your house up for sale or increasing the value of your home despite it being in a negative location, there are ways in which you can attract buyers and to overcome the negative aspects.
The puzzling thing is that most buyers think of construction sites being close to a house as a negative aspect. According to real estate experts, it should be a positive sign. Construction sites are a sign of a neighbourhood’s development and it should be promoted instead of being seen as a disadvantage. Think of road works and new construction as infrastructure upgrades and progress which can turn a neighbourhood in to a desirable one in the future. When advertising a property with a construction site next door or nearby, real estate experts recommend that sellers disclose it and do some research on the completion dates.
Another seemingly negative aspect for certain properties is it being located next to train lines or train stations. It can pose a real challenge when it comes to selling. In reality, newly built train lines, highways or existing transportation hubs should be seen as a blessing. These make the location more accessible. With bus stations and train stations, they come with cafes, restaurants and other retail spaces which can be used as an excellent selling point.
It must be noted that being close to train stations and building sites are not exactly true negative points. Factors such as a poor outlook, an incredibly noisy road, high crime statistics and other issues require remedial actions to fix as no amount of proper advertising can make them appear in a positive light. For instance, adding extra security features, double glazing windows and adding screens are good ways to remedy issues such as this. However, it is important that buyers understand that they will have to be realistic with their asking price.
All in all, if you can change a negative factor into a positive one, by all means go for it! If you cannot change these negative factors, you will have to consider that when setting the price in order to attract real buyers.