Pros and Cons of Purchasing Corner Lots
9 March 2023What fuels the market value of a house and lot in the Philippines is always the location. Needless to say, poorly located properties may garner fewer potential buyers (if at all) should you decide to sell your affordable house and lot in the future.
Meanwhile, you may be eyeing to purchase a corner lot house, and wondering whether this is a worthwhile investment. Or you may be planning to buy a home with a larger lot. The simple answer is, it has its advantages and disadvantages. If you want to weigh these pros and cons of corner lots and help you make an informed decision, this article from Lumina Homes aims to shed light on your concerns.
5 Pros of Corner Lot Properties
Let's start by learning the positive characteristics that buying a corner lot can give serious and aspiring property owners like you.
1. Corner lots have more space
Its lot layout makes a corner lot purchase worthwhile with extra space. This gives every potential buyer the scalability that a corner lot offers. With an extra lot space, you can build a home that will later have a dedicated space for a garage, a yard, or a more spacious house depending on your interior space preferences.
2. Corner lots give more landscaping opportunities
With greater lot space comes the opportunity of being able to do more landscaping designs in your front- or backyard. This means you will have the liberty to create a room outdoors or a beautifully landscaped garden to fulfill your plantito or plantita hobbies. With a corner lot property, you can maximize your outdoor space and make your corner house stand out in the neighborhood.
3. Corner lots have better scenic views
Corner homes enjoy better scenic views because of their position in the neighborhood. Homeowners will not be just exposed to one side, but on all four sides to enjoy more exposure to natural light and exquisite views that make for a worthy Instagram selfie with an attractive background. You will also have the liberty to have a second-floor balcony overlooking the entire neighborhood, which is great to relax after an exhausting week at work.
Also read: Advantages of Houses with a Morning Sun Position
4. Better access to community facilities
Whether it's for transportation or subdivision amenities such as swimming pools, gyms, courts, or clubhouses, living in a cornet lot lets you have convenient access to these community facilities. This is what makes a corner lot location strategic, which aspiring homeowners like you want to take advantage of for all the good reasons.
5. There is more privacy for corner lot owners
Corner lot buyers will also get to enjoy greater privacy. That is because there are no houses "sandwiching" your property and therefore fewer neighbors. They may also be an extra fence to prevent nosy neighbors from prying on what you may be up to in your yard or anywhere within your property.
4 Cons of Corner Lot Houses
Not all corner lots are created equal. While there are legitimate positive characteristics to purchasing a corner lot for your home, there are also disadvantages to watch out for in order to make a wise decision for your new home. These are the following.
1. More exposure to pollution
One of the factors that make a corner lot purchase less desirable is exposure to pollution. Since it is situated on the roadside, chances are you will be woken up in the middle of the night due to honking cars constantly passing by. Noise pollution is another problem, since people chitchatting outside or near your property can compromise privacy. Plus, it's not just about being annoyed by the noise, as this home location also makes for increased exposure to air pollution, what with the car exhausts emitted or the light pollution of car headlights during nighttime.
2. High maintenance
Another disadvantage is the higher maintenance needs for corner plots. While it may be a major plus to have a larger yard because of the extra space, the catch is that it becomes harder to maintain. This could make you backpedal from deciding to maximize extra lot space for your landscaping needs or for your kids and pets to play over. There is also the pressure of keeping it clean all of the time. If left uncleaned, this would make a bad impression on your neighbors.
3. Accident hazards
Because of their location, corner lots can be prone to accident hazards. While the possibility of a vehicle crashing into your home is slim, it is still possible nonetheless. It can happen in the most unexpected moment, and it's not wise to dismiss this likelihood.
4. It may not be as conducive to privacy after all
Privacy may be compromised with the increased visibility of your corner lot house. Since your home is visible from all sides, you're under scrutiny from all passersby and neighbors. A dirty front yard or a backyard full of garbage will be visible to them, which may make them cast a wrong impression on you and the way you fail to fulfill your property maintenance duties. Your corner lot property may also fall prey to the prying eyes of burglars, making it vulnerable to theft.
In addition, it can be a major source of nuisance as corner lot houses tend to receive more foot traffic among pedestrians. It can serve as a station for commuters to hail public utility vehicles. People also take corner lots as a shortcut to reduce walking time. It might also serve as a bus stop for school buses. If these don't sound good to you, it's only smart to reconsider buying a corner lot after weighing all the pros and cons.
But if you are looking for an affordable house and lot for sale that fulfills the advantages of what a corner lot provides, then Lumina Homes is an excellent alternative to just buying a corner lot to build your home. You will also not have to worry about the aforementioned disadvantages as Lumina Homes communities are (1) located in nature-friendly settings, (2) not necessitating high maintenance, (3) less prone to accidents and calamities, and (4) suitable for privacy as Lumina homeowners treat each other with respect.
What is more, most Lumina Homes communities are ready-for-occupancy units, which means you can immediately move to it after accomplishing the necessary homebuying process.
Whether your choice of location is in Luzon, Visayas, or Mindanao, there is a Lumina Homes community built to cater to your housing needs. For your investment inquiries, feel free to send us your message, and rest assured that one of our available sales representatives will accommodate you. In the meantime, you can visit our website to inspect available properties nationwide virtually.
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