The real estate adage “location, location, location” has been around for decades. Real estate agents, investors and experienced home buyers will tell you that location trumps everything. I always advise clients that you can make changes to a home, but you can’t change the location — short of moving the house.
Some neighborhoods change over time, of course, and most improve rather than getting worse. So as you set out to buy a home, should you look for the best home on the worst block? The worst home on the best block? The best home on the best block? (In real estate, “block” is a loose term for an area or neighborhood.) Here’s what you need to know.