lake view: Measuring the Value of a Home With a View
- 11/24/14 03:21 AM
Measuring the Value of a Home With a View Suppose you own a castle on the flats and your brother owns one high atop a hill that features amazing, unobstructed views. Aside from location, the two castles are identical. Which one has the higher resale value? If you guessed that it's the hilltop castle, you are correct. When valuing two similar pieces of property, location is king and everything else is secondary. While it's easy to say that the home with the view is "worth more" than the home without one, there are no rules on how much value the amenity adds. Find Out the (4 comments)