Pricing a View
Homes with a view are hard to resist. The landscape is framed by architectural windows with a blend of indoor and outdoor living spaces.
Homes with a view are hard to resist. The landscape is framed by architectural windows with a blend of indoor and outdoor living spaces. While the idea of a having a view is overall desirable, when appraising, they are difficult to quantify and are subjective.
According to MarketWatch.com, valuation models built by experts produce estimates of what a view may add to a home's price.
Percentage Increase to Home Value
5 - 10%: Homes on flat ground with an unobstructed view of open spaces
10% - 30%: Residences located up a hill with partial water views above rooftops
30% - 50%: Unobstructed views
50% - 70%: Atop a hill or mountain with cityscape, ocean, or open space vistas
75% - 100%: Waterfront Unobstructed views
When shopping for view homes: always find out if it is a protected view, and check for low-cost remodel opportunities.
Percentage Increase to Home Value
5 - 10%: Homes on flat ground with an unobstructed view of open spaces
10% - 30%: Residences located up a hill with partial water views above rooftops
30% - 50%: Unobstructed views
50% - 70%: Atop a hill or mountain with cityscape, ocean, or open space vistas
75% - 100%: Waterfront Unobstructed views
When shopping for view homes: always find out if it is a protected view, and check for low-cost remodel opportunities.