Location, Location, Location...not anymore.

     It has been the golden rule since the beginning; when buying property there are three rules to follow: 1) location, 2) location and 3) location. However, in an ever changing world, where nothing seems to be what it was five years ago, this is no longer the case. This is especially true as it relates to Hilton Head Island real estate and Bluffton real estate.
 
How?
     Technology has changed our lives forever, and continues to do so. It allows people  access to almost everything simply by using their phone or computer. But there is a trade off; more things to do = less time. Think about it, do you spend more physical time with your family and friends or do you follow them by using technology such as Facebook, Twitter, etc.?  If your loved ones are off doing other things doesn’t that take away from time spent with you? Understanding this, you can see how ‘time’ has become one of the most valued commodities in today’s world. As I discussed in my last post 'Carpe Diem-The Great Stall: 2015-?' more and more people have the means to visit Hilton Head Island and Bluffton, but at the same time they are bringing their work with them. As a result, they don't have the abundance of time they once had and are scrutinizing to a greater degree what they spend their time on.
 
The New Criteria
    Time and convenience have slowly replaced location as the leading criteria in real estate purchases. With so much going on in their lives, a buyer’s time is at a premium and the last thing they want is to be inconvenienced.  This is illustrated by the increased sales of high end homes further from the beach than ever before while high end homes near the beach are sitting idle; i.e. for the same price buyers are purchasing new or updated instead of location. Shows such as ‘Property Brothers’ and ‘Fixer Upper’ are showing people what a house can look like but instead of doing the updating themselves they want it done already. They don’t have the time to remodel and when you’re new to an area finding capable craftsman can be an inconvenience, not to mention having to select colors, tile, etc. These things take time, which is in limited supply.
 
     In today's world things seem to change faster and faster. These changes present opportunities that are there for the taking if you know how and where to look for them.  If you are wealthy in time, the beach oriented house in need of updating maybe for you because you have the time to spend doing so. To others who have the financial means but limited time there is the already updated or newer home further away from the beach or off the island in Bluffton. We all make choices in life and these choices are based off our experiences, beliefs and things we have to work with; i.e. our resources. Whatever category you fall into in there is something here for everyone. I know, I see it all on a regular basis and enjoy matching people with the property that meets their criteria.  

As technology changes, people and markets will change too. The ones who can adapt to these changes are the ones who will take advantage of them. How do you stay current on such changes when your time is a premium? Simple, use someone who spends their time endlessly researching such things. Use Pete Popovich and PNP Real Estate by calling 843.842.0804. 
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QUESTION OF THE DAY: Do you agree/disagree that location is no longer the leading criteria in real estate purchases? Did you enjoy the article above? Please let us know your thoughts in the 'Comments' below, on the PNP Facebook page or on Twitter @PNPRE 

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