Factor  Description

 

  • Location
  • Space and Amenities
  • Location is one of the most important factors when assessing the property.
  • A well-located property can command higher rents despite a lack of amenities or the presence of other negative features, but a well-maintained but poorly located site may not generate the income necessary to operate efficiently.
  • Of concern for any site is where it is located in relation to residential areas, schools and college campuses, offices and neighboring industries
  • The immediate surroundings of the property are also an issue; what is across the street and adjacent to the site affects the property’s image
  • The square footage, layout, number of rooms, and amenities are other important site attributes
  • Amenities include items such as parking, washer/ dryers, fireplaces, hardwood floors, fitness facilities, high-speed internet access, or anything else the resident finds valuable.
  • Whether the resident must pay for certain utilities is also an important consideration
Posted by ralph
January 19, 2021

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