All the pivotal information about corner sites

Corner sites are typically an area of land that consists of one or more adjacent lots.

 lots include:

• Located at the intersection of two public roadways, or similar lanes
• Adjoins public roadways that change direction at any point where it joins the site

Many people prefer corner sites for it gives a non-obstructive view outside the window and offers more space in most cases. But a corner property can still confuse people who look to buy a piece of land or an already built house.

Corner plots also attract more tax and the overall price of the property for various reasons, one of them being their high demand. These are similar to the park-facing or open-front real estate that people prefer for exclusivity.

Pros of buying a corner plot

Corner plots have a variety of advantages for which it remains high in demand and attract higher values. Since this type of real estate is located at the intersection of two roads or streets, it offers a set of advantages.

• More yard space

The corner plots have a higher price than other sites because it comes with extra yard space. Corner real estate generally has two garden areas or lawns, which can be used for custom landscaping. The same is also preferred by people who want to give their homes a more nature-based look. Since more yard space can be used for multiple purposes, the resale of the corner sites remains higher.

• Better light and ventilation

Along with boosting the natural look of the property, corner plots also offer improved airflow and the presence of natural light. These benefits are majorly considered from an investment point of view that helps create positive energy inside the property. Besides, natural light and better ventilation make for bright and least damp homes.

• More parking space

While the number of cars on the road is increasing, the parking spaces are decreasing. Apart from their dedicated car parking spot, owners of the corner plots can easily park their vehicles on any side of the site. The owners can also convert extra yard space for dedicated parking if not used for gardening. 

• Better design options

Building a home on corner plots offers flexibility in the designs. The owners can easily redesign their balcony, windows, or street-facing side, which may otherwise is not possible for any other real estate located on the site. However, redesigning won’t work the same way if corner plots are inside a gated community. 

• Unobstructed view

Whether inside a gated community or not, unobstructed views remain primary for corner plots. They also elevate the overall look of the property, enhancing its premium feel. Corner plots enjoy unobstructed views of the park, street, and vicinity, creating a positive impact on the property value. 

Cons of buying corner plots

Corner plots may have multiple advantages, but like everything else, it also has its fair share of cons. This type of real estate has limited disadvantages, as listed below:

• More maintenance required because of some yard space and proximity to the streets
• Noise pollution from the vehicles and other instruments on the streets
• Susceptible to burglary because of its corner location (can be avoided with proper boundary fencing and application of CCTV cameras)
• Dealing with foot traffic because of its proximity to the main road or street
• Heavy investment in curtains and similar materials to obstruct artificial light

Wrapping it up

Buying corner plots do have its fair share of pros and cons like every other real estate. However, cons can be avoided with proper measures. 

Although corner plots attract extra taxes, it also offers a higher resale value that may be beneficial especially for people looking to invest in real estate. For maximised returns, building a spatial home with modern amenities and architecture can help. 

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.