When it comes to house-hunting, there are a lot of factors that can make a home more appealing than others, like location or modern appliances. For many people, it’s a home with a view. But typically, that view comes with a heftier price tag, which can make you wonder if it’s even worth the pricey investment. But the answer isn’t just about money, it’s about value โย both personal and financial. And like any big purchase, choosing a home with a view is about balancing your heart and your wallet. Take a look at some of the advantages and disadvantages of having a home with a view.
The Financial Benefit
Luckily, there are financial benefits to owning a home with a view. Properties that come with nice views typically command higher prices on the market, making them a good investment.
Having a view is a hot commodity because there can only be so much oceanfront or so many mountain vistas to go around. This scarcity can make these properties appreciate in value faster than homes without views, especially if you live in a nice area on top of that.
But beyond the future potential, think about the short-term perks too. Waking up to a beautiful sunrise or falling asleep to a twinkling cityscape can do wonders for your mind. And if you value self-care, the mental and emotional return on investment makes having a nice view totally worth it.
Your Quality of Life
If you value the aesthetic appeal of a space, owning a home with a view can boost your quality of life. Think of it like having a natural work of art right outside your window. Not only is this a sight to see, but it can create cool and calm vibes for your space, too.
For a lot of people, having a breathtaking view outweighs whatever price it costs. For example, you can host parties with a backdrop of city lights or have your morning cup of Joe overlooking the sea. You can’t just recreate these experiences, making them even more special and worth the investment.
Not to mention, having a view can sometimes translate to a healthier lifestyle. Depending on the location, a high-up view can mean less noise, less pollution, and more peace and quiet.
What Else To Consider
Even though having a view is tempting, you donโt want to get so caught up that you overlook other important factors. To make the right decision for you, here are a few things to keep in mind.
What about privacy?
Sometimes, great views come with less privacy. Check if your panoramic windows are also on display for the neighbors or the public.
Will it cost a lot to maintain?
Keep in mind that a higher floor or a home up on a cliff typically comes with higher maintenance or insurance costs due to more exposure to the elements like wind or water.
Is it accessible?
Homes with great views, especially in rural areas, are a lot harder to access. Think about your daily commute, and whether driving to places like markets or hospitals will be challenging.
Making the Decision
When deciding how much more you should pay for a view, compare it to the market. What are other, similar properties with views selling for? What about the ones without views? This can give you an idea of what the view is worth so you’re not overspending.
Next, weigh how much the view adds to your life. If you like to spend a lot of time at home and can actually enjoy the view, it might be worth more to you than someone who’s never home.
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by Brittni Williams | March 6, 2024
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