Purchasing a home with a view

Purchasing a home with a View?

A home with a nice view often sells at premiums above similar homes without views. However, if a view is important to you, buy it mostly for your own pleasure and not as an investment. Although you may place a considerable dollar value on a view, future buyers may not be so like minded. It may take you longer to find a buyer when it comes time to resell the house with a view that appealed to you. Or you could end up dropping your price to more nearly match other sales prices in the neighborhood.

So, if you are buying a home for a view, try to pay as little extra as possible. Otherwise, you might not get your money back.

Landscaping 

Although most real estate value is usually concentrated in the structure, the land is important also. It should be as level as possible. Assuming the property is in a typical neighborhood, the lot should be rectangular, no an odd shaped lot or oddly situated.

Yard sizes are smaller in modern homes than in older homes, but there should still be a nicely sized front and back yard. Do not buy a house where the entire back yard is taken up by a swimming pool, for example.

Also do not purchase an over landscaped property either. You would normally pay a premium for over landscaped properties, which you may not be able to recover when you sell. You will get your best value if the house is moderately landscaped or under-landscaped for the area. You can always improve the landscaping during your ownership by improving the grass and adding bushes and trees.

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