Factors Affecting Presale Property Value
Updated: Aug 25, 2017
Community + Convenience
Apartments in areas surrounded by grocery stores, coffee shops, and restaurants are typically easier to sell or rent out, and for higher amounts than those without these conveniences. People may also prefer to live in an area with an established community, with nearby parks and community centres.
Schools + Education
Families with children may consider the proximity and rankings of local elementary and secondary schools when searching for a home. Many post secondary students will also choose to live near the school campus.
Many people rely on public transportation for their commute to and from work. Having easy access to public transportation is a key factor in value. With the addition and extension of multiple SkyTrain systems in Metro Vancouver and Fraser Valley, it is becoming a highly popular choice to live in proximity to a SkyTrain station
Amenities In The Building
Homes with luxurious features and amenities can attract buyers or tenants who would be willing to pay a premium to live in the building. Some examples of these features include:
swimming pool and hot tub
rooftop terraces lounges
Parking + Locker
Many families in Metro Vancouver own at least one vehicle, and would prefer to be in a home that offers a parking stall (or maybe two!). The inclusion of a storage locker is also a bonus that could increase value.