Housing is Location, Location, Location, Right?
Well ok, perhaps when you purchase a home it’s not totally about location, as I am sure other factors would be involved such as price, space, etc correct? Well for me I definitely would look to see what sort of area my future home was located in and what sort of view my new home would offer me.
Near where I work there is a large amount of residential construction going on, in fact there are still a few phases to this new residential area that needing to be completed. One particular area of a housing development, called The Osprey, is primarily built up of many red-brick row homes. I think I have heard them be referred to as being New York Townhouses. They are 3 storey, very narrow (about 20 feet across) and nestled up in groups of 3 or 4 attached homes that are going for ridiculous amounts of money (starting at about $400,000). Sure you might get a unit that overlooks the mighty muddy Fraser River, but then those go for at least $500,000. Anyway I might start getting off topic here.
Did I mention that I would think location of one’s future home might play a role in their decision in making a purchase? Well it seems that a set of these row-homes have a very nice view from their fronts, but I’ll let you decided.
The front of these row-homes, look pretty nice don’t they? Hopefully the closeness can create a more ‘friendlier’ neighbourhood setting.
Now this is what you see when you leave your lovely expensive home, or look out your living room window. Pretty beautiful view huh? Would you pay more than a quarter of a million dollars for a home with a view like this?
The houses on that side of the road across from these newly build residents are all like this. What would you do in order to block such a non-beautiful view from your newly purchased dwelling? I for one would not move there in the first place, but I am sure people will buy them nonetheless.
Is that Queensborough?
Actually it’s Pitt Meadows and the new development is on edge of one of the Katzie reserves. Though I am curious what other places it may look like.
Oh. The reason why I ask is that there appear to be similar developments (maybe they’re just small detached houses instead) in Queensborough… when I saw the pictures of those, I immediately thought of Full House and San Francisco.
A lot of development like that in Queensborough (where I live). Area is nice though… I see this all over. I’m originally from Edmonton, and the sticker shock hit us first when we moved out here. Our humble home in Edmonton all 2000 sq.ft or so sold for just over $230k — same home here is over $600k. I’d never move back, it’s too nice here — but house prices are a killer.
Give it a year or so, and someone will buy up the land across the street and build more townhouses. Then that $400k will seem paltry cuz the new ones will be $500k or more.
Mo
We just bought our first home here in Victorville, CA. It’s 2 story 4 bedroom with a pool. Bank owned, we closed the deal for 177k! We got a steal.
http://tinyurl.com/3ay9zm
I really like the look of that 3 story though, even despite the rough neighbors.
Mo - Can’t buy the land that is in front of these houses. It’s part of the FirstNation (Katzie) Reserve. Only thing I could think of is to build a really high fence. Though the people purchasing these houses aren’t cheated into buying them, though I hope they get a really good deal on them.