Profile picture for BerniceCrues

In a city like Chicago, what is more important location or view?

  • March 04 2012 - Gold Coast
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Answers (8)

Best Answer

Profile picture for Matt Laricy
Location Location Location.

Location is always the number one thing in Real Estate. However, if your in an awesome location, but staring at a brick wall, its probably not good for resale purposes. I would always weigh location first. However, views are big in Chicago. A good view with a great location means a fast sale if priced correct.
  • March 04 2012
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Some of the priciest, and most desirable neighborhoods in Chicago, from Ravenswood Manor to Lakewood Balmoral to huge chunks of Lincoln Park don't have views of anything other than a neighbor's wall a few feet away.

The issue of views in Chicago is generally relegated to high rise living, in which case a 21st floor lake exposure unit will always sell higher than a similar sized unit in the same building 10 floors lower, facing due west. 

If you take a condo with great views and a crummy location, and put it up against a condo in a superb location with zero views.....the location will normally win out price rise. The question is do you want to live in a penthouse apartment with skyline views in Garfield Park, or a second floor walk up on Astor?
  • March 22 2012
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The question is "What is important to you"? What makes you happy? What makes your life easier? Even if this were not a buyer market, I will advice you to buy the home that gives you the lifestyle you want, that would improve your life and where you can leave for a long time... If the view is what keeps you going, go for the view... however if the location puts on the map close to work and your friends, family or places you visit often... then go for location... 
  • March 17 2012
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That's up to the buyer :) me location!
  • March 12 2012
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The properties that are getting strong appraisals have been lakefront high rises that definitely have good views. As you get further away from the lake, it seems appraisals are weaker. Also, when you are buying, check your building or neighborhood for the number of foreclosed properties. If you buy in a building with too many foreclosures, the bank won't finance it, regardless of the view and location. Ditto for houses in high foreclosure areas that may not appraise for what you need it to.
  • March 11 2012
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If you have a Great view in an undesirable location, you'll have to sell the view as well as whatever amenities surround the property. However, if you have a Great location with an undesirable amenities, it may take away the whole point of the location. You'll have to stress how close your amenities are and try to take away as much as possible from the horrible view.
  • March 04 2012
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Profile picture for Evelyn S. Fred
Absolutely location!  Views are a plus to location.
  • March 04 2012
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Both are important and I would think they are important anywhere, not just here. However, during those 'bubble' years (2002-2007) location and view clearly were not so important so lots of people bought lots of property that had neither and builders would build and convert buildings that had neither. Now buyers are viewing lots of property that are not very appealing and usually rejecting them.View can also equate to 'light'. People like to have lots of natural light so that is part of what the view needs to have.

  • March 04 2012
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