Should You Buy a Corner House? The Pros and Cons

House hunting can be stressful, especially if you have your eye on that perfect corner house. Although it might seem like buying a corner house will make you feel like you live in the lap of luxury, there are actually some disadvantages to having one in your residential property portfolio. To help you determine whether or not to buy one, here are some reasons why you should buy a corner house and some reasons why you should avoid it at all costs.

The Pros of Buying a Corner House

If you’re looking for an investment property, then buying a corner house might be the perfect solution. The benefits of buying this type of house are many, including:

1) Increased Value in the Future

If you want to buy a house for investment purposes, then a corner house can be a good option to choose. It can be also beneficial for its luxurious style and it won’t get old soon. You can decorate its different corners in different styles. As almost corner properties are not surrounded by too many properties or homes, you can do better ventilation to get more sunlight and air.

2) Large Living Space with More Square Footage

A corner house can provide and contains large space and it also borders two gates with two streets. You can use one gate for daily use and one for big functions or you can use both by having a car parking area on both sides. 

3) Potential Rental Income

A corner house is always full of luxuries and these luxuries increase its rental income. If you want to buy a home to rent it out or you want to relocate here in the future and you also have enough money to afford a corner house then it’s a good option. 

4) Higher Resale Value

Buying a corner house to live in or to invest in always add value in the future. If you sell a corner house after some years, it can be profitable. You can get a huge benefit by selling that type of house in the future.

The Cons of Buying a Corner House

Buying a corner house might seem like an exciting and luxurious prospect, but there are actually quite a few important cons too to consider. We discussed the pros of buying a corner house and now here are some cons that you need to know before taking the plunge and purchasing your very own corner house.

1) It Can Be More Expensive:

The house will be more expensive than other homes in the neighborhood. Because of its luxuries and beauty. So, must consider your income value before buying a corner house.

2) Traffic Noise 

There may be no noise from neighbors but you’ll have to deal with more traffic and noise from the increased foot traffic. As a corner house almost have two or more street sides, so there may be more traffic noise and pollution too.

3) Reselling

If you ever want to sell your home, it will be hard to find someone who wants to buy it because of how unique this type of home is. Sometimes the buyer does not want to buy that expensive home or may he not like the traffic noise that may affect the environment so it may be hard to find a buyer soon if you want to sell it in no time.

4) Finding Contractor:

It might be difficult for you to find a contractor who is willing to work on your home because they are not used to working on these types of homes.

The Bottom Line

The main benefit of buying a corner house is that you’ll have more space than if you lived in, say, an apartment. The downside is that it’s usually more expensive and your yard may not be very big. If your goal is to have something more spacious, then consider purchasing a corner house. If you’re looking for something more affordable or need plenty of green space for things like gardening, then this might not be the right home for you.

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