When
shopping for a new home, one of the most important considerations – yet one
most people don't pay enough attention to – is the lot type.
Selecting the
right one can significantly increase your enjoyment of the home. Picking the wrong
one can have the opposite effect.
There
are three special types of lots that homeowners tend to find most desirable.
Yet, even though they are considered desirable, each has its pros and cons.
Here’s
the rundown on each one:
1. Cul de sacs
These
are lots located on dead end streets that often feature homes positioned around
a large circle of roadway. For obvious reasons, a cul de sac is a popular
choice for buyers with children. There’s less traffic and, often, the only cars
on the street are those of neighbors. However, homes on these lots often come
with a higher price tag than other comparable properties in the area. But, from
a lifestyle standpoint, that extra price may be more than worth it.
2.Quiet streets
Who
doesn’t want a home on a quiet street? The benefits are obvious. However, don’t
dismiss properties located on or near a busy street. They often sell for less and
the noise from traffic might not be as bothersome as you might expect. In fact,
some neighborhoods in these areas feature special soundproof fencing. If the
home is otherwise ideal, schedule a viewing to judge the noise level for yourself.
3. Corner lots
These
are often larger and therefore provide you with more space. Plus, with the look
of two front lawns, there’s twice the potential for curb appeal, and therefore the
opportunity to increase the property’s value. On the downside, kids may shortcut
across your front lawn to get to the adjacent sidewalk!
Want
more tips on what to look for when shopping for a new home? Call a REALTOR® today!
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