
Everyone knows that location is one of the most important considerations when buying a home. However, many people don't realize that the type of road their home is located on can also make a big difference.
When you're looking at Minneapolis homes for sale or Saint Paul homes for sale, you're likely to run into some that are close to major highways or in high-traffic areas. There are also some neighborhoods where homes may be located on cul-de-sacs or even dirt roads. These can all impact a home's desirability, and, therefore, its value.
Here are a few of the things you'll want to consider.
- High-Traffic Roads
High-traffic areas pose a problem for several reasons. First, getting in and out of your neighborhood becomes a daily hassle. Heavy traffic also brings noise, pollution, and safety issues for children and pets.
Selling a home that's located in a high-traffic area is almost always more difficult. It's likely to sit on the market for longer, and you might end up having to accept a lowball offer.
- Proximity to a Highway
While a home with easy access to a major highway is a great selling point, one that's too close is definitely not desirable. You can expect to deal with constant noise pollution from heavy traffic. This will seriously impact both your quality of life and your future resale value.
- Double-Yellow Lines
Two-way roads with double-yellow lines are often found in more rural areas. While the neighborhood might seem quiet at first, there's a reason why these lines exist. They're usually a good indication that the road experiences high traffic at times, often at speeds over 25 mph.
This can make it difficult to get in and out of your driveway during peak traffic times and can make you feel uncomfortable about letting your children and pets play in the front yard.
- Traffic Lights
While living within eyesight of a traffic light isn't the end of the world, it can be annoying. The sounds of idling traffic and music coming from cars will be a deterrent to some buyers.
- Corner Lots
The value of a corner lot tends to vary based on personal preference. While back in the '50s and '60s they were preferred, today's home buyers often shy away from them.
Some of the potential drawbacks include strange yard configurations (these lots often have small back yards and large side yards) and twice the amount of sidewalk to shovel during the winter months. However, some buyers still see the benefits. In this case, you'll have to wait for the right one to come along.
- Cul-de-Sacs
A cul-de-sac is a road with only one entrance that ends in a dead-end. It's usually deep inside a suburban area or at the very end of a neighborhood. This is one of the most desirable home locations and is almost always a great investment.
Since there's no thru-traffic, the area tends to be safer, quieter, and more private. In some neighborhoods, a cul-de-sac backs up to a park or wooded area, which many homebuyers consider to be an additional benefit.
- Dirt and Gravel Roads
If you really want to get away from the hustle and bustle of city life, you might find yourself looking at a rural home on a dirt or gravel road. Living on a dirt road is more of a lifestyle choice, and most real estate agents don't believe that this impacts a home's value.
Sure, your vehicles will be dirty, and you may track more dirt into your home, but most people find this to be a livable trade-off for the peace and quiet you'll get when you choose to live a rural life.
At Counselor Realty, we're familiar with all of the things that can impact a home's value and will work hard to help you find the one that's perfect for you. Call today to discuss your goals and get started.