Location's impact on pricing usually boils down to a few key factors. First, land value itself—prime spots near city centers, waterfronts, or desirable neighborhoods naturally command higher prices. Second, local zoning and building regulations play a huge role. Areas with strict historical preservation rules or limited building heights often mean higher costs due to additional planning, permits, and specialized labor.
Speaking of preservation headaches...I've worked on a few projects in historical districts, and while clients do end up loving the charm (as you mentioned), the process can be tricky. One time, we had to source very specific reclaimed materials to match the original facade—took ages and cost a pretty penny. But afterward, the client was thrilled, and honestly, I learned a ton about sourcing and restoration that made future projects smoother.
Lastly, don't underestimate infrastructure. Access to utilities, roads, schools, and even internet quality can significantly shift a home's value. It's not always obvious at first glance, but these hidden details add up quickly.