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Which house is better from Location perspective

We are first time buyers from New jersey and narrowed our choice to 2 houses in the same townhouse complex. Both are end units and same sq ft and almost similiar upgrades etc. House 1 is about 5 townhouses away from the powerlines and has wooded view and on Cul-de-sac location. House 2 is not on cul-de-sac and other townhouses backyards is the view for this house. Price wise house 1 maybe 10k more. Pls advise which one you think is better.
  • March 02 2012 - US
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Answers (4)

In my experience in the Triangle Area of NC powerlines are the kiss of death especially if they are high voltage. The price needs to reflect this negative in this area and they can affect value tremendously.
5 townhouses away isn't much. Can you see them from the front when you drive in? Real estate is local and in this area I would take off about 10% for noticeable power lines. A Realtor who has sold many homes in the neighborhood would know how powerlines and wooded views affect values in your area.
  • March 04 2012
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I'd go with the home with a view of the wooded area if they are the same price. Powerlines may have an impact on the value, but so might the wooded area. Secondly, depending on how large the complex is, in regard to resell value, which one do you like the best. I thought so, me too. The wooded view will win. For refinance value, the appraiser will attempt to find homes in the development first and recent sales. They will attempt to find homes that back to the same wooded area with the powerlines as this home. Depending on the size of the complex, it might not make much of a difference or be difficult to support. The big question, is it worth $10,000 more?? Here's what you do. First, ask your realtor to find closed sales for you that are within the development. Next, go to each home and make an offer for each home and pick the best offer. You'll get a better understanding of motivations of each seller when you do this. Make sure your realtor will help you get the best deal.

  • March 02 2012
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A wooded view or greenspace view will always have better resale.  If you can get a unit not overlooking a neighbor, go for it.
  • March 02 2012
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This would be completely a personal preference, sounds like they are charing you an extra 10k to look at the tress's...
  • March 02 2012
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