Corner Lot Pro's & Cons

[adventuregurl]

There are more chances of car accidents coming up on your property, especially if one of the streets is busier. I've seen this a lot over the years.

I would not say that they are worth more, to the contrary, but of course there are exceptions to every rule.

[Hemlock140]

Originally Posted by Okey Dokie

Depending on the lot and how the house is set on it, you may have a very shallow back yard.

If there are a lot of kids and bikes, they might like to cut across the corner of your yard. At least that's what we did in the 1960s

Also, as previously mentioned, school bus stop possibilities.

Easy solution, plant 5' high juniper along one side. We have that and only the deer will cross it.

[staywarm2]

We went to look at the neighborhood around the house with the corner lot today. We sat and counted the # of cars that passed the corner lot on the way in or out of the subdivision. There were 11 cars in 10 minutes. Seems like a lot to me at 1:30 pm. What do you think?

[chaotix]

^^^I think there are NO pros to a corner home.

[sware2cod]

I had a home on a corner lot and wont ever do it again.

More traffic

More lawn that faces the road and has to be kept up.

If you live in a snowy area, lots of extra shoveling needed.

More litter to pick up (even nice areas get small amts)

More sidewalk/curb (lots of extra edging).

People can see you from the side when you are in your back yard. IMO, less privacy because walkers/drivers can see you. And they will crane their necks as they pass if they see you.

If you have HOA rules about where garbage cans or equipment can't be stored (not visible from the road), then you'll have a hard time trying to find a hiding nook for your items because much of your property is visible from one or another road.

High possibility of a school bus stop on your corner. Which means parents parked there waiting for their kids and you have to be extra careful pulling in/out of your driveway due to the kids waiting/parents' cars waiting and due to the bus when it comes by.

[staywarm2]

I'm also concerned about people leaving dog "poop" in the yard when out walking Fido. Even though many folks pick it up, in my last neighborhood (a nicer one), the corner lot there got lots of dog waste.

[gv28]

Originally Posted by staywarm2

Do you think the corner lot lowers the value (or sales price) of the house?

Others have pointed out pros and cons. As far as market value, my experience has been that there are enough people in the marketplace that perceive a corner property ( all other things being equal ) as being worth more, therefore they definitely do sell for more.

The perception of value is mostly due to the larger size. The way a residential block is typically carved up they are larger, but of course there are exceptions.

There is also a segment of the marketplace that wants their home to be seen by others, and these people prefer corner lots. And this is one of the demand factors.

And it is all relative to the fact that there are fewer corner lots than others (supply).

Overall, all other things being equal, corner lots or homes on a corner lot, sell for more.

[staywarm2]

We viewed the inside of house on the corner lot today. The asking price was TOP DOLLAR for this neighborhood. The kitchen floor was linoleum, The kitchen appliances were ALMOND color (original). The entire inside of the house had the original 2001 Pulte paint, original carpet, and original exterior paint. The deck wood was very dried out and probably had just been stained for the first time in years. The exterior had many issues including wood rot, Hardiplank separating in places, etc. So the corner lot was the least of the problems with this house. We are passing on it.

Thanks for all your input!