I wanted to invest in land and was going through the available plots in my locality. During this property search, I too had this question in mind: Why corner plots are expensive? On researching, I understood that a corner plot offers multiple advantages, hence, justifying the higher price tag. One of the most important reasons that makes corner plots expensive is its better natural light & views.
Why are Corner Houses More Expensive?
More Accessibility & Visibility: Corner plots provide excellent curb appeal for homeowners and are perfect for business establishments because they face the street on two sides.
Greater in Size: Corner plots are usually larger or unusual in design, which makes them suitable for future growth, additional parking, or creative landscaping. Due to the additional yard space, corner plots are more expensive than other sites.
Dual Access: These plots usually have access from two roads, which facilitates planning the layout and vehicle access.
A Higher Resale Value: This is generally achieved by corner plots because of their distinctive qualities and adaptability.
Corner plots are a premium option because of these combined advantages.
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While trying to purchase a plot, I came across a beautiful corner plot. After that, I enquired about the price of the plot, which was way over my budget. Following that, I called my Uncle and asked him why corner plots are expensive. Here are a few points that my uncle provided me.
What are the Reasons for Corner House Being Expensive?
Extra Space: Uncle told me that corner plots come with a lot of space. They have additional yard space and extensive frontage. This provides the opportunity for better landscaping and other enhancements.
More Light & Fresh Air: He said that these plots provide lots of natural light and fresh air compared to plots surrounded on all sides. This way, the living conditions of the residents get better.
Good Designing: According to Uncle, corner plots have a higher opportunity for better designs compared to other plots. Owners can include features like larger windows, bigger balconies, gardens, etc. This way, the living space becomes more luxurious.
Scarcity and Demand: He told me that corner plots are quite rare, and since they have quite a lot of advantages, their demand is quite high.
These are the reasons my uncle told me when I asked him why corner plots are expensive. I hope this helps.
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Why Corner Plots are Expensive?
Lipi
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1 Year
2024-06-28T14:12:02+00:00 2024-07-01T19:52:48+00:00Comment
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