Experts share the upsides and downsides of owning a home on a corner lot.
Lets say youve found your dream home, but its location isnt what you expected.
You might have been looking for something set back from the road or at the end of a cul-de-sac.
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Instead, youre contemplating a corner lot property.
Heres what real estate experts say you should keep in mind when buying a home on a corner lot.
What is a corner lot?
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A corner lot is a plot of land at the intersection of two roads.
These homes will have more sidewalks, more yard frontage, and more visibility than neighboring lots.
In short, there are a range of locations for corner lots, each with their pros and cons.
Heres a quick overview of the most common considerations buyers make when considering these types of properties.
More Yardwork
More yard means more yardwork, which can be a con depending on your situation.
If service providers like gardeners arent an option for you, be prepared to take on the extra work.
Of course that means more to mow, but dont forget the winter months.
But if you know the area has more traffic in general, the corner lot will highlight that.
I have personally witnessed multiple crashes at corner lots.
If youre unsure about how these factors might affect your home, check with your real estate agent.
Homes located on corner lots may be perceived as having higher risk for burglaries, Martin says.
Still, you could mitigate those risks if youre worried.
Homeowners who have concerns might consider more lighting and security features to help ease their mind, Martin adds.
Of course, you might enjoy the limelight.
That could mean more options for layout and design of the property.
For example, corner lot homes could be designed with side-entry garages.
This makes for great curb appeal, as the front of the home is not obscured by front-entry garages.
Plus, the larger lot offers more opportunity for outdoor features the buyer can add later.
You might also find that your homes interior is affected by its location.
When it comes to a corner lot, Sinibaldi said you have a good chance of selling easily.
A corner lot is typically, always preferred in todays market, he says.
That said, youll still want to decide whether a corner lot is right for you before buying.
You shouldnt simply purchase the home given its location on the street.
