When looking at a development, you may notice that corner lots tend to be a little more expensive than others. Corner lots are rare and desirable, but there are both benefits and drawbacks to purchasing one. In a newer development, you can mitigate some of these issues; in an older development, you may need to live with it.
Corner Lots Have More Front Yard
If you love the idea of landscaping a large front yard, a corner lot is a boon. Corner lots essentially have two split front yards, one on each exposed side. Since the driveway often bisects these yards, it's like having two additional front yard spaces.
Of course, this is a double-edged sword. Since front yards often aren't used for anything in particular, it's square footage to the lot that isn't necessarily being used.
Corner Lots Don't Have as Much Privacy
Since corner lots have people on two sides rather than only one side, they often don't have as much privacy. This can be resolved through the use of fencing, but it can be concerning for those who are interested in maintaining their security.
Corner Lots Are Easier to Access
With a corner lot, you can usually turn right into your street and then zip right up your driveway. This is great for those who hate the hassle of having to struggle to park. If the lot is right off a main road as well, it becomes even easier to get into.
Corner Lots Have Smaller Backyards
Because of the way that they're positioned, corner lots often have either very small backyards or backyards that are an unusual shape. This is because their yards essentially cut into the yards surrounding them. If it's important to you to have a large backyard, then most corner lots aren't going to be suitable to you. There is an exception, of course: in developments that already have very large lot sizes.
Corner Lots May Be Bigger
To take advantage of the space, many corner lots have physically larger homes on them. This is due to that previously mentioned unused front yard space. If you're looking to be the biggest house on the block, this might be the way to do it.
Corner lots aren't for everyone. If you want a large, expansive front yard and a lot of accessibility, a corner lot can help. If you prefer more privacy or a larger backyard, a corner lot may not be worth the additional value. For more information, reach out to a realtor with new homes in a community that you can learn to love.
