The wry observation that “the three most important things in real estate are location, location, and location” has been around for the better part of a century. The wisdom of that wisecrack is still undeniable—including for when it comes to buying Oklahoma City homes. It is, after all, why a house in one of Oklahoma City’s more desirable areas will generally sell at a premium to one of equal size and construction in a less sought-after area.
For 21st-century house hunters who might be inclined to pay location less heed than their forebears, that could be risky. After all, what originally made one area more desirable than others has usually been a combination of meaningful factors. The first has to do with its raw attributes—the visual appeal of its setting, the quality of its microclimate, or its relative insulation from natural hazards.
Then there’s the livability factor of a location’s accessibility—its ease of access to places of work, shopping, and recreation. We may be have become an ever-more-mobile society, but a lengthy daily commute does exact a price in terms of quality of life. For anxious parents, a home’s location in a superior Oklahoma City school district can be the decisive draw. And as the holidays approach, it’s easy to recall how near proximity to a major airport can keep far-flung family members in the fold.
I counsel my clients to give full weight in their buying decision to the distinct equation that is location. It is, when all is said and done, the quality that stands alone—the one that’s utterly immutable. Before you’ve bought, it’s the part you can’t negotiate. After you’ve bought, it’s the part you can’t do anything about!