Locational factor is very important and everybody knows how it impact the real estate. Common locational factor includes such things as pattern of land within immediate area, availability of utilities, access to transportation, stores and recreation, neighbourhood overview. The existance of nearby hazards and nuisances like odour and traffic have detrimental effect. Plus thereare no such deficiencies impacting your property in value.

Corner Lots are good if the property is commercial, because of additional advertising and access. But if its a residential property the corner lot may not be desirable due more maintenance, e.g snow removal and side yard upkeep.