We’ve all heard this saying before – the three most important things in real estate are location, location, location. So what kinds of locations can result in a premium for home prices here in the Charleston area?
1. Views: Homes with desirable views such as marsh, ocean, river, or golf course views are generally valued higher. The aesthetic appeal and the sense of tranquility offered by these views can make properties more desirable and therefore command higher prices.
2. Water Access: Properties with access to marshes, tidal creeks, rivers, deep water or the ocean are also highly valued. Waterfront or water-accessible homes often provide opportunities for boating, fishing, and other water-related activities, making them attractive to buyers and contributing to higher prices.
3. Proximity to Downtown Charleston: Being close to downtown Charleston is considered highly desirable by many buyers. The city’s historic charm, cultural attractions, dining options, and employment opportunities make it a sought-after location. Consequently, homes located in close proximity to downtown Charleston often come with a premium price tag.
4. Neighborhood restaurants & retail: The presence of neighborhood restaurants, cafes, shops, and other businesses can significantly impact home prices. Buyers are often willing to pay more for the convenience and lifestyle advantages offered by nearby businesses.
It is important to note that these factors can vary depending on specific neighborhoods within Charleston. When exploring homes online, keeping these factors in mind will help you gain a better understanding of the area and the pricing dynamics associated with different locations.
Questions? Let’s connect!
Lauren | Lauren Zurilla & Associates