Allow me to elaborate a bit more on how property value’s influenced by location: it’s not just the availability of land that makes sense when it comes to property value. It’s what builders and developers actually do with that land that can influence property value. Location’s a big deal, as we’ve already stipulated, and when considering cul-de-sacs, you have a goldmine, after all —
But Why? Why Are Cul-de-Sacs So Awesome?
Social, cultural and demographic factors play a role when it comes to property value for obvious reasons. Safety, privacy, community: Cul-de-sacs provide just that. Families look for that. Since the demand for that cul-de-sac is so high, property value — and therefore price — can go up. Families will pay top dollar for that cul-de-sac house for obvious reasons, not limited to typical real estate going more on the upscale and high profile.
That’s not to say you should try and pitch for more and more cul-de-sac houses, though. Saturation won’t get you anywhere. The cul-de-sac house is hard to come by in a neighborhood. For every 20 homes, you might get one cul-de-sac house. However, if you’re a home renter, and you come across a particular piece of cul-de-sac real estate that’s rent-to-own, you’ve got an opportunity in your hands to build your credit and maintain some great value, you’re golden. No doubt about that.
It’s All About Strategy
Perhaps you’re newlyweds looking for the right home. A cul-de-sac is appealing. Or maybe you’re opting for safety and security over in Wyoming, Michigan — your service with law enforcement, neighborhood stability and watches will be top notch in a cul-de-sac home. You can’t beat that sort of community feel.
Be prepared, though, for some high demand and competition. As a seller or investor, though, you can relish in this outcome: lots and lots of ROI!