Home Buying in Narberth>Question Details

Susanmcgiv, Home Buyer in Narberth, PA

How detrimental to resale is purchasing a home without a driveway in Narberth?

Asked by Susanmcgiv, Narberth, PA Sat Nov 28, 2009

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If you're considering buying a home in Narberth without a driveway, you obviously buy at a discount.
When selling you discount accordingly.
There need be no Net difference to your bottom line when reselling without a driveay.
And because the home is in walkable, desirebale Narberth, it always has value to someone.

If there is opportunity to add any sort of driveway or pull-up parking, then you've added value and will see a net gain.

Narberth is not Chicago. There are about a half dozen or so streets where you can't (at least) find a place on your block. Someone will want to buy this non-driveway home because it is more affordable and parking will never be a complete disaster. And you can make a pretty good life inNarberth not driving at all, or just using the car to get to Trader Joe's on Giant once a week.

Yes, a driveway adds value and enhance a speedy resale. Pay less going in and take less going out. Either way, youre still likely to see above average growth in value in this excellent community.
0 votes Thank Flag Link Thu Feb 19, 2015
Susan-

Is the home a twin or row and other similar properties have street parking as well? Or is it out of the ordinary, a good sized single family home that without a driveway surrounded by other homes with a driveway? It's relative to the other properties nearby.
Web Reference: http://www.paprohomes.com
0 votes Thank Flag Link Mon Sep 13, 2010
Good Afternoon Susan,

It truly depends on the purchaser. There are purchasers who insist on having off street parking and others who don't mind if they don't. As Sean stated it can also depend on where they are coming from and the area. If they are coming from the city perhaps they are used to not having off street parking. It obviously is not always a must as homes without off street parking do sell. I would look at the positives of the home such as desirable location, condition and neighborhood and be sure that is up to par with the rest of the area.

Jennifer Daywalt, Realtor
Re/Max Results Realty - Collegeville
Top Agent 2004 2005, 2006, 2007, 2008
Author of "Ask The Realtor" Column in The Saturday Edition of The Phoenix Newspaper
Licensed since 2001 in PA
610-489-7355 Main Office
610-999-7693 Direct Line
Sellinghomesjenn@aol.com
0 votes Thank Flag Link Sat Nov 28, 2009
Susan,

Depends on how busy the street is that it sits on. Also are there other homes around it like that. I mean pefect example is center city philadelphia where I am. There are no driveways for most homes yet the real estate is desired. But put that same home up in montgomery county and it can be a negative.
Web Reference: http://www.SeanDawes.com
0 votes Thank Flag Link Sat Nov 28, 2009
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