Real Estate News
The Pros and Cons of Corner Properties
September 7, 2010 by Melodye · Leave a Comment
Some people see a corner lot as an asset, but an equal number believe it is a liability.
Pluses of these properties include more flexible design options, shorter driveways, sunnier interiors, and more on-street parking. The negatives are a small and not-very-private backyard, more noise, more streetlights and headlights, and a greater need to look out for dogs and children.
Additional maintenance demands, which bring higher costs, discourage some would-be buyers of corner properties, said Steve Hovany, president of Schaumburg’s Strategy Planning Associates, a real estate planning consultancy.
But some buyers like corner homes anyway. A corner home “is a rare home,” said Ray Hartshorne, partner with Chicago’s Hartshorne Plunkard Architecture. “It’s a home that’s distinctive in a world that makes distinctive homes more valuable.”
Source: Chicago Tribune, Jeffrey Steele (09/03/2010)
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