How to Market the Benefits of a Corner Lot vs an Interior Lot.
Working in the architectural industry, there can be many challenges with working with various size properties and locations. Builders are looking for the best views and the most space they can have in a coastal town. Maybe it’s the size of the home they are looking for or the amenities that a certain coastal town may offer there potential buyers. However, there is one challenge they may not think about.... What's the best type of property to build on?
Your choices…a corner lot vs an interior lot. Well, there can pros and cons to both. For instance, every town has there specific ordinances and requirements, setbacks, coverage’s for the home and coverage’s for property in general. Home owners don’t like to compromise. When it comes to the yard, the bigger the better, however price can also dictate the size to be purchased too. Please review the following pros and cons regarding both types of coastal town properties.
Here are the pros to having a corner lot:
[if !supportLists]1. [endif]You can showcase your spec home on two sides, such as featured porches, details or architectural elements.
[if !supportLists]2. [endif]In some cases, the lot could be larger.
[if !supportLists]3. [endif]The corner may allow for better views in two directions of each street the home faces.
[if !supportLists]4. [endif]Corner lots can allow for a more unique home design.
[if !supportLists]5. [endif]There may be a little more breathing room with having two sides facing a street.
[if !supportLists]6. [endif]The property may allow for additional parking since it front on two sides.
[if !supportLists]7. [endif]The potential availability for a detached garage due to access from two streets.
Here are the cons to having a corner lot:
[if !supportLists]1. [endif]Corner lots do not provide the same level of privacy and space that interior lots do.
[if !supportLists]2. [endif]A corner lot inspires more questions, more uncertainty & fewer solutions than an interior lot.
[if !supportLists]3. [endif]Due to restrictive set backs, the home may need to be a little smaller than contractor was hoping to build.
[if !supportLists]4. [endif]In some cases, corner properties can tend to last longer on the market too if and when the buyer decided to sell.
Here are the pros to having an interior lot:
[if !supportLists]2. [endif]The property may allow you more square footage for the home you are looking to build due to forgiving setbacks.
[if !supportLists]3. [endif]Having a true rear yard will give your buyers more privacy for entertaining.
[if !supportLists]4. [endif]It may allow for more entertaining area, larger patio or deck area or pool space.
[if !supportLists]5. [endif]If you are looking to build a cabana or storage space in the rear yard (if space allows), it may allow for a larger space for your dream yard with outdoor eating and bar space that your buyer may be looking for.
[if !supportLists]6. [endif]It may allow you to fit the storage/garage that you require for your buyers family needs.
Here are the cons to having an interior lot:
[if !supportLists]1. [endif]The views from the property may not be as good due to neighboring properties while fronting on one street for your buyer.
[if !supportLists]2. [endif]Depending on the lot width, the home may feel a little closed in between the neighbors.
[if !supportLists]3. [endif]Access for a rear yard garage may not be available due to setbacks or access.
In conclusion, while looking to purchase your coastal home property, please keep in mind that typically your architect should be able to design just about anything to meet your buyers needs for their family on either property type. However, if you have a previous home design that you built on either type of property, keep in mind that if you decide to build that design on the opposing lot type, it may not work out the same shape, size or style…good or bad. However, if you like the location, then pull the trigger.