This week, I’ve been listening to several different buyers tell me what part of town they want to be in. It has had me thinking about the whole “Location Location Location” thing. I think most of the time, we as people like to reduce things down to a yes/no, for/against, good/bad scenario……Like this is a good location and this is a bad one. I just don’t think it is that simple and here is why.
Just this week I’ve had two people tell me they really want to be in a location that many people avoid. This is a high density area, so the buyers are looking for townhouses and condos. See, the people that think this is an area to be avoided don’t want to be in that kind of density and are single family home types. Both buyers mentioned that they had lived in that area before and liked how easy it was to get any where in town and that they enjoyed the 30+ acre park in the middle of the area. When my wife and I were newlyweds, we lived in this area too…..we thought the same thing back then.
I guess my point in all this is that what makes a good location is really a subjective thing that varies greatly. Age, income, property type, etc, all greatly have an impact on what makes a location appealing. There is one common thing that all people tell me they want in a location: Proximity to work, businesses they shop at, restaurants they eat at, and things like parks/sports/ or places they frequently go. People with kids like to be in a good performing school district too.
Lexington is big enough to support all these different opinions about what makes a location good. It is all in the eye of the buyer, and if enough of them think it is a good location, then it must be.