Why Location Matters When Buying Real Estate

McCleary Group Hinsdale Real Estate
When it comes to buying a home, location is an important, but sometimes overlooked, value. The mantra “Location, location, location!” is truly key. There are four elements of location to keep in mind: convenience, efficiency, schools and resale value.

Convenience
A property that is “convenient” may mean something different to everyone, yet it all relates to overall quality-of-life.  Consider what factors are important given the context of your surroundings. Most home buyers are looking to be in close proximity to shops, transportation, dining and entertainment.  That said, an urban homeowner without a car may want to be within walking distance, whereas suburban homeowners with transportation may prefer less congestion and pedestrian-friendly shopping areas.  Once you venture too far away from what is deemed convenient, the more it impacts other areas of your day-to-day.

Efficiency
The importance of distance to schools, work and home is not only convenient, it is also more efficient.  According to the National Association of Realtors’ home buyer profile, 57% of buyers would forego a home with a larger yard in favor of a shorter commute. If you purchase a property close to work, not only will you save time, the financial burdens of gas and wear-and-tear on your vehicle are also lessened.  Over the years, improved efficiency will positively impact your bottom line.

Schools
Families with school-age children look for quality schools which are close to home. Parents may desire a variety of options when checking out schools in an area such as access to public, private or charter schools, and opportunities for kids to get engaged in activities such as sports, the arts or other programs. GreatSchools.org provides reviews, demographic information and snapshots of schools in your target market.

Resale Value
While you may be weighing the cost vs. benefit of living outside a main town or city, experienced real estate agents like McCleary Group can assist clients with assessing the true value of a home.  While home prices tend to be higher in prime locations, the future return on your investment can be much greater than properties which are not as convenient, efficient or close to schools for future homeowners. So, while you want to be conscious of property taxes and not overpaying, considering an well-valued  home, or even a fixer-upper in a great location, will benefit you in the long run.

By identifying what is important in your home search up front, the more productive you can be with your real estate agent as you tour homes for sale in your area.

McCleary Group Helps Clients Find Dream Homes!

The 2016 real estate market started off strong for McCleary Group.  The team is happy to have helped its clients close on their dream homes in Hinsdale, Burr Ridge, Oak Brook, and across the western suburbs. Below are just a few of the amazing properties McCleary Group has had the pleasure of doing business with, and the year is not over yet!  If you have questions about listing your luxury home before the end of the year, McCleary Group encourages you to reach out. You can contact them here.

SELLER CLIENTS

312 East 7th Street, Hinsdale, IL – $3,000,000
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434 S Vine, Hinsdale, IL – $1,641,750434 S Vine Street Hinsdale, IL
605 East 3rd Street, Hinsdale, IL – $1,550,000
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3517 Madison Street, Oak Brook, IL – $1,550,000 3517 Madison Oak Brook 1
6231 Cove Creek Court, Burr Ridge, IL – $1,415,000
6231 Cove Creek Court, Burr Ridge, IL
534 N Oak Street, Hinsdale, IL – $1,285,000534-n-oak-street-hinsdale


BUYER CLIENTS

524 N Vine, Hinsdale, IL – $1,325,000524 N Hindale, IL
807 S County Line Road, Hinsdale, IL – $1,275,000807 S County Line Road Hinsdale
372 May Avenue, Glen Ellyn, IL – $924,000372 May Ave, Glen Ellyn
409 Bonnie Brae Road, Hinsdale, IL – $900,000409 Bonnie Brae Hinsdale

Your Real Estate Insider: October 2016

McCleary Group, in cooperation with Berkshire Hathaway HomeSerivces KoenigRubloff Realty Group, is happy to release its latest newsletter for October 2016.  Consumer confidence is at its highest level in 9 years across the U.S. and summer home sales trended up in Illinois this summer.   Also in this edition, fall recipe ideas and the 2017 color of the year.  For the full scoop, just click the image below!

October 2016

Your Real Estate Insider: October 2016 Newsletter