A view is valued as a ’10’ if you can stand with your arms reaching out and see distance without any obstruction. A view is valued as a ‘0’ if you have to peek-a-boo look out a small window facing a brick wall. Other factors that can either increase or decrease a view’s value includes it’s potential to be obstructed with future construction, whether or not the view is seen from inside or outside the unit on a deck, facing east towards the city or facing west towards the water where you can see the sunset and ferries lit up as they pass at night, what floor the unit is located and position of windows.
Personally, I prefer a city view where I can see city lights, hear the sounds of traffic and have the ability to people watch. However, the most valuable view is from the highest floor with a deck facing west. A unit that has the same floor plan but lacks the features mentioned can make a $100,000 difference in sale price because of it’s desirability.
When choosing a new condo purchase it’s important to understand the units view potential. Everybody wants a view and in some cases it’s more of a priority to potential buyers than parking and/or square footage.
November 12, 2007
Categories: Uncategorized . . Author: Justin Bowers . Comments: Leave a comment