Home Buying in 06074>Question Details

Sweet home, Home Buyer in 06118

hi I found a house in a community, it is the first house or Corner lot house in the first branch, although

Asked by Sweet home, 06118 Mon Apr 28, 2008

the entrance is not towards the main road , is it a plus point or negative point to buy or to sell in future ??

Help the community by answering this question:

Answers

9
As a Realtor who is currently marketing a home on a corner lot, the lack of privacy in the rear yard is an objection often cited in the feedback from showings the home has had. The extent that this is a problem really depends on the property, though, as I have seen corner lots with fencing and/or plantings that addressed this issue.

Being the first home does add to the traffic going past the home, particularly if it is the only way into or out of the neighborhood. In a small neighborhood this is not so much of an issue so, again, it depends on the home's location.

I think it's safe to say being the first home on a corner does somewhat diminish the appeal of any home and the property will always have to be priced accordingly in order to appeal to buyers.
Web Reference: http://www.JeanneAllard.com
0 votes Thank Flag Link Mon Mar 2, 2009
A corner lot will give you more frontage... and yes a bit more tax liability too.. Although the more important thing is about how you like the way the house sits on the lot and is it more private then lots in the area.. My guess is it is less private. At least you are not on the main street entry. If the house is the same, I would expect the lot to be valued a little less then the ones further into the street or subdivision. Hope this helps!
Web Reference: http://www.herbcarlon.com
0 votes Thank Flag Link Sat Feb 28, 2009
being on a corner lot has more disadvantages the front of house and driveway being on side rd is an advantage more taxes, utilities (water, gas, sewer, ect...) charge per sqft. road frontage if not already
in place and paid forthis could be an additional burden
0 votes Thank Flag Link Wed Jul 23, 2008
Having the entrance on a side road gives you the advantage of having an address that will not be seen as being on a main road so that's an advantage as many buyers avoid "main St" addresses. However, a corner lot can usually mean more in taxes, more sidewalks (if they exist) to be responsible for.
So it has pluses and minuses. Ask for history from your agents as to what other homes in this area have sold for recently and ask for a copy of the field card to review the home's assesment and other information as recorded at town hall. This will help you determine if the home is priced correctly or where to start your offer. Condition and design of the home greatly affect home values but they can be upgraded over time. The one factor that a home owner can not change is location so you will have to use comps to determine what this home's value is to you.
0 votes Thank Flag Link Tue Apr 29, 2008
Here's a simple way to answer... if you hve to ask yourself that question, chances are future buyers will ask the same question when you try to sell. Therefore, it's not a plus. Let me know if I can help you more.
Web Reference: http://www.ilmct.com
0 votes Thank Flag Link Mon Apr 28, 2008
In part, property values are determined by condition & location.

A corner house can be a positive, however being at the entrance of a development can mean increased traffic flow, which would mean its value could be lower than the identical house located further into the development. I have seen properties have their value "dinged" because of traffic.
0 votes Thank Flag Link Mon Apr 28, 2008
Usually a house on a corner lot in neighborhood would be a definate plus, however if it is on the corner of a main road, it could be considered a deterent. However, you can usually get a better price on that type of house, so if price is an issue for you, you can get into a better neighborhood with a better house if you buy on a corner.
0 votes Thank Flag Link Mon Apr 28, 2008
Some other factors that would affect resale are: is it near any common services or amenities? Does it have a lot of traffic by it because it is near the entrance? A good indicator might be to see how it is priced today as compared to the ones farther in.
0 votes Thank Flag Link Mon Apr 28, 2008
The answer depends on how the house is placed on the lot and the neighborhood. A corner lot can be considered a plus because the house does not have neighbors on both sides. However, if the house is very close to the curb and not private, then that would be a negative.
0 votes Thank Flag Link Mon Apr 28, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer