Residential location as a decisive value factor of a property

Residential location – A decisive factor for the residential value of a property is its location. The location of a property is so crucial because it cannot be moved, while a structural condition or the equipment can be changed. There are three different types of residential locations, which are once the simple, the middle and the good residential location. A simple residential location means a location with a highly condensed development, little nature and a lot of noise. A medium residential area has some green spaces, a good but not disturbing infrastructure and the building is in a visually attractive condition. In contrast, a good residential location has a good building quality and appearance, a well-kept street scene and sufficient green spaces.

Residential Location at a Glance: The three types

• Decisive factor for the residential value of a property
• Residential location so crucial because the property can not be moved
• The three types: simple, medium and good residential location
• Simple residential area: dense development, little nature, a lot of noise
• Medium residential area: some green spaces, good but not disturbing infrastructure, building in a visually attractive condition
• Good residential area: good building quality and appearance, well-kept streetscape, lots of nature

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