Importance of location in Real Estate

Posted on by Nima Bendavood
Nima Bendavood

Location is one of the most important factors which can’t be ignored in real estate investment. Many people ignore the location factor while purchasing property, which is one of the biggest mistakes. You can change the size, and price of the home, but you can’t change its location. So make sure you are investing in a good location. Here we are going to discuss the importance of location in real estate marketing with Nima Bendavood.

The location creates demand and demand increases the price. You can change the construction of your home later, but you can’t change the location of your home later. If you keep location in mind then your investment can appreciate more with the area, so do not neglect the location while buying your dream home. Many people ignore this factor, which may be a common mistake.

Consider the following items when looking to buy a property:

Schools, the Important Factor in Location

Distance of school from home is one of the important factors. Most people want to buy a home with close proximity to highly rated schools. It is easier for kids and parents too. If school is closer to your home, then it will also reduce the transportion expenses. The nearest school will also save travel time says Nima Bendavood.

Transportation factor

The facility of easy transportation is also an important factor. Everyone wants to save their travel time. It can be possible only if there is a good transportation facility from your home. Whether you have your car, public transportation can always be a good backup. It would be a good idea if Subway/Metro, bus, or other public transportation services are in close proximity to your home.

Local Amenities

Grocery stores, shopping, and restaurants are some basic and important amenities. 70% of the buyer pool prefers to have these amenities within their walking distance. Especially grocery store within walking distance to provide basic food and family items. However more recently being close to gyms, boutique stores, etc. has been more popular as well by millennials.

Location Also Affects the Values

The location has a vital impact on the home value. If a park, Metro station, bus stand, shopping mall, or any other public facilities are in close proximity to your home, then the value of your home will increase. If you want to rent out your home, then it will be easier to rent out if your home is in a good location. If your home is farther away from city services, finding a tenant could prove to be a challenge.

Final Thought:

If you are buying a home, don’t neglect the location of your home. This is the most important factor in real estate according to Nima Bendavood. If your home is far away from shops, grocery stores, schools, etc. then it can limit the value appreciate if your home. But also remember with all these amenities, property prices will be higher. Make a priority list of your requirement and buy the property/home according to that. This will also help you to purchase your home within your comfortable budget.

Tips To Know Local Real Estate Market

Posted on by Nima Bendavood
Nima Bendavood

Real estate professionals don’t want to put a limit on their knowledge about the property. Detailed knowledge about the local market is very common in successful real estate consultations. If you will ask any questions about their local real estate market, they will satisfy you with their knowledge about the property. If you are also in the real estate field, then you should focus on your local real estate market. In this article, Nima Bendavood is going to discuss the real estate market and its importance in the real estate business.

There are many things which you must keep in your mind about your local real estate market. Let us discuss them with Nima Bendavood.

Understand Real Estate Market On Local Level:

If you want to succeed in real estate and live the life you deserve, then you should have a clear understanding of your local real estate market. Know what’s happening in the industry, network with other industry experts online or at conferences, and strategically diversify your business by selling units or investing in partnerships or joint ventures. Understand how governments regulate real estate transactions. Know where you want to build by understanding zoning laws in your area.

How we can have a better understanding of our local real estate:

– You should have enough data to understand your local real estate market.

– Which real estate services are in demand in your local real estate market.

– Collect the data about the listing and sales of properties. What are the features of listed and sold properties in your area?

– Don’t forget the performance of your competitors in your local area. What is your competitors’ role and performance in your local area?

Visit Your Municipality to Know the Right Information

Real estate professionals should be in the know about the local real estate market on a personal level. This means they need to visit their municipality and learn the right information about the local real estate market. Find out what’s happening in the real estate industry. This is the place from where you can gather 100% accurate data and the latest news related to the property. Frequently visiting the municipality will help you to keep yourself up to date with new government rules. You can even find out where you want to build by understanding zoning laws in your area. Most real estate professionals will know about the local market because they need to visit their municipality to regularly update themselves.

Know The Affordability of Property in The Local Market

Nima Bendavood says, due to pandemic, many aspects of our lives have been affected. First, living standards and conditions of people has changed. Many families also face an economic crisis. Keeping all these points in your mind, know the affordability level of the people in your local area. Can they afford the property in the local market? If yes then what are their expectations. These are very important queries, which should be solved. You need to understand your local real estate market thoroughly, then you can set a strategy for success.

Nima Bendavood About Us

Posted on by Nima Bendavood

Nima Bendavood has extensive experience in all aspects of the real estate industry. Nima first embarked on his real estate journey within the residential and single-family space.

Nima Bendavood has extensive experience in all aspects of the real estate industry. Furthermore, he is well versed in the leasing aspects in both low-end and high-end markets.

Nima started his career at the popular fast-food chain Mcdonald’s in early 2015 and worked his way up.

Nima earned a new position as Client Service Representative in Bank of America in late 2015.

Nima completed all California Licensing Requirements and earned his Real Estate Sales Person License in 2016 at the age of only 19.

He has worked his way from being an entry-level associate to becoming a senior associate in less than 3 years, working with both buyers and sellers. Nima has gained valuable experience in commercial real estate as well, which includes multifamily, retail, and office spaces and generating leads for salesmen at all levels of the company.

Then he gained tremendous experience in the commercial field including but not limited to multifamily, retail, office, industrial, mixed-use, and land.

Nima is a real estate expert in the high-end market with extensive experience in all aspects of the industry.

For the past 5 years, Nima Bendavood has been working in both residential and commercial real estate development. With so much experience, he will guide you on how best to get your deal done.

“From a young age, he realize how important it is to be a good leader. He spent his life helping people become the best version of themselves possible.

Furthermore, he is well versed in the leasing aspects in both low-end and high-end markets.

Smart Real Estate Investments to Make After Pandemic

Posted on by Nima Bendavood
Nima Bendavood

After the COVID-19 many of our lives have changed, but life is finally getting back on track. Nima Bendavood says, covid took a big toll on the real estate industry in the beginning of covid. But nothing is permanent. People have to come back to their workstations with some precautions and safety. Every sector is trying to recover from covid and with some changes adopted they are successful to phase the pandemic situation.

If we talk about the real estate sector where we feel still fear to invest in some areas. Many people are trying to invest their money in the safe zone. They don’t want to take the risk. Real estate investor is trying to avoid investing in those fields, which creates difficulties and lead to a loss in the future.

Many investors are looking for real estate properties in the built-up areas of major cities. They are seeking such properties which are more likely to generate more revenues after the COVID-19 pandemic.

If you are still hesitant to invest in real estate sectors, please read the rest of this article. You can check out the list of higher and lower-risk investments here. Let’s discuss them with Nima Bendavood.

Multifamily Real Estate After Covid Crisis

Many people are choosing to buy houses, some may still prefer to rent homes. This means there this field is still in demand. You can invest in the rental property. During the height of covid-19, this sector of real estate was considered proof of recession.

Investment in Office Properties

During the Covid-19 pandemic, many sectors switch to online work from home mode. If you are a real estate, then try to avoid in invest in office properties. It will be the toughest task to sell or rent out this kind of property. No doubt after post-covid-19 many offices are opened but many companies especially the IT sector are planning to digitize their work.

Rental properties are in demand

People are preferring to buy their own homes but many are still preferring renting home. This field is the safest option to invest money in. People who are unable to buy their homes or people who are living at their job location need rental property.

Many people are choosing to buy houses, some may still prefer to rent homes. But still, we can consider it a safer option in real estate.

Wrapping-Up:

Extremely high demand for investment in the real estate sector during the pandemic. People are struggling with the decision of whether to invest or not. It depends on your risk level and personal choice. We have seen a lot of people who wanted to invest their money in the real estate sector. After the covid-19 pandemic, many investors are trying to avoid investing in certain fields. They fear it due to the volatility of this market and they don’t like to take risks in these sectors.

The real estate industry is still a safe and secure investment sector. If you are looking for great real estate investments, then we will suggest you visit the Nima Bendavood blog.

Originally Posted: https://nimabendavood.com/2022/07/01/smart-real-estate-investments-to-make-after-pandemic/