Saturday, February 27, 2010

A Recession Proof Home?

I recently read an article on MSN.com that posed the question, "What makes a house recession proof?" My mind automatically went to popular features of homes and floorplans, things like; energy efficiency, great rooms, functional kitchens etc. The answer the article came up with surprised me a little, but made great sense. According to Marilyn Lewis the thing that makes a house recession proof is....

Location, Location, Location. "Why? Because houses are replaceable, but land is not. If you've got a spot everyone wants, your place will sell faster and for a better price than a similar house elsewhere."

So, what should you look for in a good location? The answer varies depending on your state and city, but some commonly sought after location features include:
  • Great school systems
  • Safety
  • Proximity to libraries, parks, playgrounds, churches
  • Charming commerical areas nearby
  • Low noise
  • Good infrastructure like city sewer, water and sidewalks
  • And of course, a fantatic view or limited location (like waterfront) always helps!
So, consider your location when looking to purchase a new home. This could be one of the most important factors for one of the biggest investments you'll ever make. Click here to read more of this article MSN.com.

Also, you can click here to check out our fantastic McArthur Homes' neighborhoods. Each of our communities boasts a great location with many of the important features listed above. For instance, Thanksgiving Meadows, our newest community is built around a beautiful new community center with swimming pool, parks and exercise facilities. There is also an LDS church located right in the middle of the community and it is next door to Thanksgiving Point, which offers charming shopping, gardens, a golf course, children's petting zoo, movie theaters and restaurants. Not to mention the great reputation of Alpine School District and the proximity to the Jordan River Trail for biking and jogging!

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