{"id":3988,"date":"2020-10-04T16:11:31","date_gmt":"2020-10-04T21:11:31","guid":{"rendered":"https:\/\/theralphieandryanshow.com\/?p=3988"},"modified":"2022-10-30T14:58:43","modified_gmt":"2022-10-30T19:58:43","slug":"the-1-rule-in-real-estate","status":"publish","type":"post","link":"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/","title":{"rendered":"The #1 RULE IN REAL ESTATE"},"content":{"rendered":"\n<p>   If you\u2019ve heard it once, you\u2019ve heard it a million times. One thing is for certain, it\u2019s great advice if you can stick to it! The very best real estate professionals stress this one rule over and over and with good reason, it is ultimately the NUMBER ONE rule when it comes to real estate. <em>&#8220;Location, location, location&#8221;<\/em> is the best advice\u2014except for one thing: most people have no idea what it really means.<\/p>\n\n\n\n<p>   Location is everything. Forget about how many bedrooms, bathrooms, square feet, or remodeled kitchens. If it\u2019s in the wrong place, everything else is irrelevant.&nbsp;<\/p>\n\n\n\n<script charset=\"UTF-8\" type=\"text\/javascript\" id=\"idxwidgetsrc-23194\" src=\"\/\/for-sale.theralphieandryanshow.com\/idx\/carousel.php?widgetid=23194\"><\/script>\n\n\n\n<p>   Before we go any further, we need to first speak the truth about <a href=\"https:\/\/theralphieandryanshow.com\/\" target=\"_blank\" rel=\"noopener\">homes<\/a>, and that is\u2014a home is a depreciable asset. It rots, rusts, and breaks. The true value is in the land. When you are <a href=\"https:\/\/theralphieandryanshow.com\/how-much-money-do-i-need-to-buy-a-house\/\" target=\"_blank\" rel=\"noopener\">buying a house<\/a> you are really not buying the house, you are buying the right to<strong> <\/strong>own land that the house is fixed and built on.&nbsp; Location matters most for one reason alone\u2014you can change the color, the number of the beds or baths, or bulldoze and start from scratch. You can change pretty much anything, but you can\u2019t change the location.&nbsp;<\/p>\n\n\n\n<p>   If you follow the useful advice in this blog, I promise you won\u2019t regret your buy. Those that purchase in the right locations not only have a better quality of life, they are also able to resell their homes for more money than those that didn\u2019t purchase in the right location.&nbsp;<\/p>\n\n\n\n<p><strong>When you are in search of your home and are evaluating its location, keep these four simple points in mind:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Specific Location<\/strong><\/li><li><strong>Crime&nbsp;<\/strong><\/li><li><strong>Schools&nbsp;<\/strong><\/li><li><strong>Transportation.<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"666\" data-src=\"https:\/\/i0.wp.com\/theralphieandryanshow.com\/wp-content\/uploads\/2020\/12\/neighborhood-1024x666.jpg?resize=1024%2C666&#038;ssl=1\" alt=\"\" class=\"wp-image-4386 lazyload\" data-srcset=\"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?resize=1024%2C666&amp;ssl=1 1024w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?resize=300%2C195&amp;ssl=1 300w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?resize=768%2C499&amp;ssl=1 768w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?w=1200&amp;ssl=1 1200w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/666;\" \/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"666\" src=\"https:\/\/i0.wp.com\/theralphieandryanshow.com\/wp-content\/uploads\/2020\/12\/neighborhood-1024x666.jpg?resize=1024%2C666&#038;ssl=1\" alt=\"\" class=\"wp-image-4386\" srcset=\"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?resize=1024%2C666&amp;ssl=1 1024w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?resize=300%2C195&amp;ssl=1 300w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?resize=768%2C499&amp;ssl=1 768w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/neighborhood.jpg?w=1200&amp;ssl=1 1200w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/noscript><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6729d614cf27e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6729d614cf27e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/#Specific_Location\" title=\"Specific Location\">Specific Location<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/#Crime\" title=\"Crime\">Crime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/#Schools\" title=\"Schools &nbsp;\">Schools &nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/#Transportation\" title=\"Transportation\">Transportation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/#Buying_the_right_house_in_the_wrong_location\" title=\"Buying the right house in the wrong location\">Buying the right house in the wrong location<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Specific_Location\"><\/span><strong>Specific Location<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>   Location can be broken down into state, city, village, subdivision, and even its specific block. Since no two pieces of land are identical, specific location becomes that much more important. Factors that can affect plots specific to value include noise and light pollution from cars, businesses, and planes. Proximity to attractions and even window views can change the value of the plot. Ever heard of a million-dollar view? They are talking about the <em>view<\/em>, nothing to do with the house.<\/p>\n\n\n\n<p>   Even the specific location of the lot on the block matters. Usually, middle plots are considered safer and sell for more, and so specific locations within the blocks matter too.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crime\"><\/span>Crime<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>   Crime is an easy one, right? I mean, who wants to come out of their mansion having to be strapped? A golden jail, although impressive, is still a jail. Hopefully, you want to live around nice people that are also looking out for you and your best interests. So research online for crime statistics specific to your desired neighborhood.&nbsp;&nbsp;<\/p>\n\n\n\n<p>   While we are on the crime topic you also want to research the location for registered sex offenders. Close to schools is a good safe location because sex offenders need to live at a distance from any school.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"766\" data-src=\"https:\/\/i0.wp.com\/theralphieandryanshow.com\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=1024%2C766&#038;ssl=1\" alt=\"\" class=\"wp-image-4120 lazyload\" data-srcset=\"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=300%2C224&amp;ssl=1 300w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=768%2C575&amp;ssl=1 768w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=510%2C382&amp;ssl=1 510w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=980%2C733&amp;ssl=1 980w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=480%2C359&amp;ssl=1 480w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/766;\" \/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"766\" src=\"https:\/\/i0.wp.com\/theralphieandryanshow.com\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=1024%2C766&#038;ssl=1\" alt=\"\" class=\"wp-image-4120\" srcset=\"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=300%2C224&amp;ssl=1 300w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=768%2C575&amp;ssl=1 768w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=510%2C382&amp;ssl=1 510w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=980%2C733&amp;ssl=1 980w, https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/11\/WesternSprings5.jpg?resize=480%2C359&amp;ssl=1 480w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/noscript><figcaption>Lyons High School District 204 <\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Schools\"><\/span><strong>Schools &nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>   Schools might be the single most important point in Location. If you are investing for the long haul, invest in a good school district. It doesn\u2019t matter if you have kids or not. Desirability is what matters. When looking for homes, look for the best <a href=\"https:\/\/theralphieandryanshow.com\/best-high-schools-in-chicago-suburbs\/\" target=\"_blank\" rel=\"noopener\">school<\/a> systems. Good school districts are usually involved with the community and give children the best of education. Happy children make happy, family-friendly neighborhoods, consequently maintaining property values and desirability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transportation\"><\/span><strong>Transportation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>   Transportation has evolved over the last 200 years. The railroad and modern highway systems have been essentials for village growth and hold significant importance in location. Selecting a location where you can quickly use transportation options is highly recommended. People pay more money for convenience. Selecting a location close to town vs the outskirts affects convenience and therefore affects value and price.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/theralphieandryanshow.com\/the-best-investment-on-earth-is-earth\/\" target=\"_blank\" rel=\"noopener\">The Best Investment On Earth Is Earth<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buying_the_right_house_in_the_wrong_location\"><\/span><strong>Buying the right house in the wrong location<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>   Very few things sadden me more than seeing a <a href=\"https:\/\/theralphieandryanshow.com\/tips-for-first-time-home-buyers\/\" target=\"_blank\" rel=\"noopener\">home buyer<\/a> glowing with excitement that has selected the perfect house, in the wrong location. That\u2019s like missing the forest for the trees.&nbsp;<\/p>\n\n\n\n<p>   Now I know the kitchen and baths sell houses, but if you miss the location, eventually, you will be disappointed. I often have to be the bearer of bad news when I remind the potential buyer that their \u201cperfect home\u201d is sitting in a flood plain\u2026 or backs up to a garbage disposal facility, or has a neighbor who seems to have a junkyard of used appliances and cars.&nbsp;<\/p>\n\n\n\n<p>   So, on your next home search, before even taking a look at the house, take a look around and whisper to yourself, <em><strong>\u201cLocation, location, location. Do I really want to live in this location?\u201d<\/strong><\/em>&nbsp;<\/p>\n\n\n\n<p>The location should be your first decision. The structure should be second.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019ve heard it once, you\u2019ve heard it a million times. One thing is for certain, it\u2019s great advice if you can stick to it! The very best real estate professionals stress this one rule over and over and with good reason, it is ultimately the NUMBER ONE rule when it comes to real estate. [&hellip;]<\/p>\n<p><a href=\"https:\/\/box5915.temp.domains\/~theralph\/the-1-rule-in-real-estate\/\" class=\"more-link\" title=\"Read More\">Read More<\/a><\/p>","protected":false},"author":3,"featured_media":3855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"rank_math_lock_modified_date":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36,137,28],"tags":[44,45,41,46,50],"class_list":{"0":"post-3988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-buying-a-home","8":"category-home-buyer-guides","9":"category-real-estate-investing","10":"tag-best-chicago-suburb","11":"tag-chicago-neighborhood","12":"tag-chicago-suburbs","13":"tag-real-estate","14":"tag-realestateinvesting","15":"entry"},"aioseo_notices":[],"jetpack_sharing_enabled":true,"featured_image_src":"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-13-at-11.53.26-AM-1.png?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-13-at-11.53.26-AM-1.png?resize=600%2C600&ssl=1","author_info":{"display_name":"Rafael Velasco","author_link":"https:\/\/box5915.temp.domains\/~theralph\/author\/rafael-velasco\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-13-at-11.53.26-AM-1.png?fit=1566%2C1244&ssl=1","_links":{"self":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts\/3988"}],"collection":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/comments?post=3988"}],"version-history":[{"count":11,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts\/3988\/revisions"}],"predecessor-version":[{"id":8611,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts\/3988\/revisions\/8611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/media\/3855"}],"wp:attachment":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/media?parent=3988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/categories?post=3988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/tags?post=3988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}