LOCATION & Appreciation: Distance from upcoming large projects?

[Andrew Bissada]

I am curious, when it comes to real estate investing and appreciation, if you know about a big project (e.g. a large company coming to your town), how far away from that can you be and still obtain the appreciation benefits from being near it?

What would be the difference between the following ranges (especially the first 4):

3 miles vs 6 miles vs 10 miles vs 12 miles vs 15 miles vs 20 miles ?

Would there likely be a significant difference between 3 and 6?

or 6 and 12?

or 3 and 12?

[Moises R Cosme]

Andrew, I am sorry - I did not answer the question directly; I think 5 years is a minimum time horizon to expect a run up in value.  By the time you look at 10 year time frames you are likely to have turned over a significant part of the residential real estate market (average homeowner stays in a property for 7 years).  I hope the examples I provided give you a good basis to evaluate my response.  I hope this helps, but there is no substitute for local expertise.