Consumers combing communities in search of a new place to call home have many decisions to make before buying. Are the aesthetics adequate? Are the costs affordable? Are there renovations to be made? Is the location right for me and / or my family?
One of the considerations that seems to fall off many a buyer’s radar involves lot type. A variety of lot types are available within the real-estate market, and each has its own character and identity, as well as pros and cons. Here is a breakdown of some of them.
The French term that literally means “bottom of the bag” refers to a circular area at the end of a street ringed with residences. For families with children, a cul-de-sac home can offer a safe place for little ones to play because of minimal traffic. That is a pro. For adults who might not enjoy the noise of a hoverboard or the dribble of a basketball, cul-de-sac living probably will come in as a con.
Among the most-coveted pieces of property, corner lots run larger than interior lots (see below) and span two streets, meaning you can have two front lawns. They ooze with curb appeal (a pro) but probably will be priced higher than other homes in the neighborhood (a con). If the two streets on which the home sits are less-traveled, that can make for a quiet environment. If they are busy, the noise from passing vehicles might become an annoyance.
This is the American standard when it comes to residential living. Owners of homes on interior lots have two next-door neighbors, which could factor in as a pro or a con. Buyers should inspect how near the lot lines are to each other and whether they are too close for comfort. Can you hear the home phone ringing or the air-conditioner running? On the other hand, having next-door neighbors who are friendly and nice and steps away provides a sense of safety and enjoyment – and a place to borrow that cup of sugar.
The signature of a flag lot is a long driveway leading to a recessed interior home, meaning the two houses on either side of it are at 45-degree angles. The pros of flag-lot homes include more privacy and better views because they are not blocked in by side yards. Cons include a potential for break-ins, as the homes are set back from the street and less visible to passers-by.
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