You've heard these famous 3 words before..... Yes, Location is VERY IMPORTANT when it comes to home buying and selling as well as the ability to build equity.
If you are own your home and are thinking of making improvements, please, please, PLEASE get the advise of a knowledgeble Realtor as to what if any improvements you are planning to do, because depending on your neighborhood range of value you may or may not get your money back.
If you are looking to buy...make sure you check out the neighborhood, get a feel for the neighborhood value range and discuss with your Real Estate Professional the types of improvements your are considering to make sure your investment is solid.
Lastly, the rule of thumb is to buy the "worst" house on the street, not the "best"one. You will build equity much faster and it should prove be a good solid investment. (as long as the improvements don't exceed the neighborhood value range).
