The importance of location in real estate cannot be overstated. Why? Well, it is the value of the land that increases over time, not the value of the built structure. In fact, the structure’s value would ideally depreciate. Because of this, location is extremely important. After all, the cost of land is determined by its location. In addition to appreciation, your property purchase decision is influenced by budget, social and physical infrastructure, connectivity, neighborhood, and civic amenities. These factors would also influence whether you should buy in the city or the suburbs, or in a larger or smaller city.