
If your home has a great view -- of the mountains, or the rolling pastures of the Shenandoah Valley -- you might wonder if a buyer will pay more for that view.
Indeed, buyers will almost always pay more for a home with an amazing view than they would for an comparable home without that view.
But how much more?
This is where it gets a bit tricky. While it might feel like a million-dollar view, it's probably not going to add a million dollars to your home's value. :-) That said, it's still an important factor that we'll account for when pricing your home.
Ideally, We Find Comparable Sales with Similar Views
In a perfect world, we'll find a few other recently sold homes in your neighborhood or nearby that also had a great view. If those homes are similar in size, age, condition, and layout, the difference in sale price between those homes and comparable homes without a view gives us a pretty clear picture of what buyers are willing to pay for that extra scenic perk.
But Often, We Have to Make a Subjective Adjustment
Sometimes, we can't find those perfect comps with similar views. In that case, we have to make a subjective adjustment. We might ask ourselves questions like...
How rare is this view in your neighborhood or price range?
How prominent is the view from key areas of the home -- like the living room, deck, or primary bedroom?
How much more appealing will the home feel to buyers because of the view?
And sometimes we might ask -- how much more would YOU pay to have that view?
It's not a science, but it is part of the art of pricing your home accurately -- making sure we capture every bit of value your property offers, including that phenomenal view.