Saturday, March 10, 2007

Buying a House With a View

Homes with a interesting or good view often sell for a premium price above similar homes without the view.

However, if you want to purchase a house with view, buy it mostly for your own pleasure and not as an investment.

Every buyer is different and, what you like, might not have the same appeal to the next buyer.

With that said, a home with a good view normally has a dollar value on the view, meaning the view usually commands a higher selling price.

If you pay a premium for a view that no one else likes, it may take you longer to find a buyer when it comes time to resell the house. You may finish up reducing your asking price to more nearly match other sales prices in the neighborhood.

So, if you are buying a home with a view, try to pay as little extra as possible.

No comments: