Why Location Matters in Real Estate: The Water Bottle Analogy
Have you ever thought about how the same bottle of water can have wildly different prices depending on where you buy it? A bottle that costs just $0.25 at Costco can be worth $5 at an airport kiosk. The only difference isn’t the water or the brand—it’s the location. This simple analogy provides a powerful way to understand how location influences value, and it's no different when it comes to real estate. The Water Bottle Example: Value and Location Picture this: A bottle of water is priced at: $0.25 at Costco – It's a bulk retailer, where the focus is on providing value at a low cost. $1 at a supermarket – It's a general retail environment with a bit of a markup for convenience. $2 at a bar –…