Most of us have heard the old location, location, location cliché when it comes to real estate. The location of a home plays a huge role in its worth. There are many aspects of a home’s location that factor into the market value of a home. These can be items like proximity to amenities, the quality of the schools, nearby recreation, and so on. What about having a stunning view? How important is a great view when it comes to a home? Does a home with a view cost more and will it retain its worth and help you sell the home later should you decide to move?
Here are some pros and cons of purchasing a home with a view.
What Counts a Home as a View Home?
The term view home can mean different things depending upon who you talk to. One person’s idea of a beautiful view can be different from another’s. Some may think a small sightline out of a window where you get a peek of the water counts as a view while others are expecting the whole window to easily be filled with a picturesque landscape. Then there is what the view is of that can vary by opinion. If a view is partially obstructed it will most often be listed with the term partial or peek-a-boo view, but not always.
Does a View Home Cost More?
This again depends on the type of view a home features and how close a home is to the thing featured in the view that is creating it. For example: living on the ocean will cost more when you are right on or right across the street from the beach as opposed to living on a cliff overlooking the beach or behind other homes that are limiting your view and access to the beach. A home on the ocean is going to also cost more than one on a lake or river.
Is a View Home Worth the Extra Cost?
This really all comes down to the personal preference of the homebuyer. Some homebuyers do not believe they need to see the lake from their home for instance in order to go to the lake and enjoy it while others would love nothing more than to be able to sit on their back deck in the morning and take in the ocean from their own private space. A view home is going to cost more money, but how you envision using and enjoying the view while at home will help you to determine if paying a little more for a home with a view is worth it.
Do View Homes Retain a Better Value?
Some view homes can be as much as 10s of thousands more just for the view. If you are purchasing your view home in hopes that it will bring in more money when you sell, it won’t necessarily bring a huge return on investment. In today’s sellers’ market where homes are going into bidding wars and some buyers are purchasing homes above their list price it is wise to make sure you do not get caught up in overpaying for a home, especially one with a beautiful view. A view home is always going to be worth more as compared to homes in the same area without a view, but the view will not increase in value itself.
Do View Homes Sell More Easily?
This depends upon the current state of the local real estate market when you plan to sell. If buyers are looking for the attributes that your home has and to live in the location that your home is at, then a home with a view will sell more successfully than other homes around it. If the location or type of home you own is not being sought after at the time, having a view may not help it to sell more quickly.
So should you purchase a view home? It really comes down to what you truly want in your home and how you see yourself living everyday life and investing your money. Some people are perfectly fine living a short drive from a view, some are happy with a partial or further back view, while others’ dream is to be right on the beach with the most amazing views as well as instant access.
For more information on available homes in Windmark Beach and other homes for sale on the Forgotten Coast please contact us at any time. By searching each area, you can find homes with a view on the Forgotten Coast of Florida.
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