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 lot type 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
Cul de sacs 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. From a lifestyle standpoint, that extra price may be more than worth it, but it something to consider.
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. Homes on busy streets often sell for less, and the noise from traffic isn’t always 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
Corner lots are often larger, providing you with more space. They also boast the look of two front lawns, so there’s twice the potential for curb appeal, and, therefore, the opportunity to increase the property’s value.
One possible downside to a corner lot is that people may take the shortcut across your front lawn to get to the adjacent sidewalk.
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