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depends. in a 'lock and leave' type neighborhood that tends to cater to DINKS and retirees, no yard (maintenance) is actually a plus. Besides, I don't think there is such a thing as 'no yard'...it may be that a VERY tiny lot, which comprises of mostly deck, but I've never heard of 'no backyard' at all.
My in-laws have no backyard. Walk out the back door and you're on the neighbor's driveway (they live on a corner so the neighbor is catty-corner to them). THey have a good sized side yard, but again - they're on a corner. Not terribly uncommon in that town, and it was a no-go for DH when we were buying. We looked at one house that was a really good deal....almost too good to pass up and a park was 2 houses away, but we just couldn't pull the trigger on it.
The OP clearly sees everything as black and white. It's good or bad. Worth a discount or not. RE doesn't work that way....most things don't.
There are two issues. One is the price, or "discount" as it's being called here. The other is ease/difficulty of resale.
A property will tend to be compared to others in its general vicinity. If your yard is small compared to other yards in the neighborhood, then your property will tend to sell for less than those of your neighbors.
In the current seller's market, almost anything and everything will sell immediately. That's not remotely true in a buyer's market. If your property is notably disadvantaged compared to nearby properties, then it might sit for months or years, regardless of price.
In the suburbs, most people want a yard. So if you lack one, your property may be really hard to unload someday.
I once passed on a suburban townhouse in large part because it completely lacked a backyard -- it only had a deck. Most other units in that development had small yards, many of them with privacy fences. I figured that someday when I went to sell, my property would always come in second place compared to neighboring properties that had yards, however tiny they may be. If you have a small dog and it's 6 a.m., it's very convenient to boot your pet out the back door to pee instead of actually having to walk it.
If no backyard it is ok , if there is area in front of the house. Different families have different needs and requirements but it does not potentially effect the price .
Depends on the buyer. Some want 0 yard work (that's very nice), and some want a yard for kids to play in, dogs to run around, etc. It's like houses with a pool. Some would want one (me), other view them as a major PITA, liability, and increased insurance costs. House itself and square footage would matter more.
I could see a house being less desirable if it had 0 yard and you stared into your neighbor's window right over the fence. That may end up resulting in the house selling for less if most buyers find it unattractive.
When my spouse and I were house shopping with our realtor, she did not quite understand our desire for a decent amount of greenspace. She was an acquaintance, so we'd been to her house and it was a gorgeous new build with a pool, nice deck, and some planters for flowers. But we had a big dog, and we like greenery. She found us a great house for us with a large yard (for our neighbourhood) plus mature trees.
Some people want no yard to take care of, and some do. It might limit your buyers, but so do any number of other things. You won’t please everybody.
When we were house hunting in the south (carport land), we needed at least a 3 car garage. Low and behold, we found a house with an attached 2 car plus a detached 2 car. We made sure to comment about how the detached garage took up most of the yard, so as not to appear overeager, but secretly we were thrilled.
depends. in a 'lock and leave' type neighborhood that tends to cater to DINKS and retirees, no yard (maintenance) is actually a plus. Besides, I don't think there is such a thing as 'no yard'...it may be that a VERY tiny lot, which comprises of mostly deck, but I've never heard of 'no backyard' at all.
My first house in Mission Viejo, CA was kind of no-backyard, along with almost all of the other houses in the area. All built on terraced hillsides, so the backyard rose straight up in a steep hill. We put in a gazebo and brick stairway, and a tiny patio on what little flat there was. Most homeowners did nothing with the hill, but I planted Korean grass on it instead of sagebrush.
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