Environment: This is similar to commercial Kingston Jamaica real estate where the environment plays an integral role in property value. If the residential Kingston Jamaica real estate exists in a volatile and hostile community then the value is likely to be well below its true market value. While this might be good when purchasing Kingston Jamaica real estate it might not be so good when selling Kingston Jamaica real estate especially if environment conditions have worsened.

Danger to Natural Disasters: This is a major concern in Kingston Jamaica. Many residential areas are prone to all types of natural disasters, the major being floods. Poor drainage in the capital leads to a back up of water and entire houses and residential Kingston Jamaica real estate is flooded and property is destroyed as a result. This is definitely not a community that anyone should consider buying Kingston Jamaica real estate until that matter is well resolved.

Access to Schools: The new mandate of the Jamaican Ministry of Labor in the Jamaican Government ahs chosen to place children in secondary schools, close to their homes. If there are no schools close to that home then the child might be placed in an obscure location. Hence it is very important that your Kingston Jamaica real estate is close to a school.

Access to Hospitals: Similar to a school, Kingston Jamaica real estate should be situated within decent proximity to a hospital. As there are three major hospitals in Kingston Jamaica this should not actually prove difficult. However places such as Port Royal still part of Kingston Jamaica is still a 45 minute drive to the nearest hospital, still too far to be good Kingston Jamaica real estate

Entrance and Exit from community: There should be more than one way to enter and exit your residential community. Not many Kingston Jamaica real estate is one way in and one way out. Harbor View Scheme is a prime example. Normally a 15 minute drive to the heart of Downtown Kingston Jamaica if the area becomes flooded this Kingston Jamaica real estate is cut off and it will take now 5 hrs to make it to the Kingston hub real state. Not very promising for the value of the real estate.

Crime factor: Crime is a major problem. Before buying any Kingston Jamaica real estate visit the nearest police station and get data on the level of crime that takes place in that Kingston Jamaica community, then asses how long it would take the police leaving from the station to get to your home. This is an excellent option for many Kingston Jamaicans.

Appreciation rate: The appreciation rate of the property is also fundamental. Kingston Jamaica real estate does appreciate well if all above factors are good. You can asses this by factoring the number of years the previous owner held the Kingston Jamaica real estate, the difference in purchase and sale price and come up with a yearly appreciation. As rough as this method of assessing Kingston Jamaica real estate value it is a start.

Forced Sale Value on Valuation: Many Jamaican real estate investors don’t asses this, much to their detriment. The Forced Sale Value on Kingston Jamaica real estate depends on the lowest value a similar type of property was sold for in the same community over a short period of time. This is very important as a major difference in FSV of Kingston Jamaica real estate and Estimated Market Value (EMV) can cause major problems to the purchaser in the long term.