Property Blog

How Much Is a View Really Worth?

That’s the big question, isn’t it?  How much is a good view really worth?  After all, we have pretty much all heard the story of how people in places like New York City and Paris will play enormous amounts of money to get, say, a shoebox sized apartment with a killer view.  Is there truth to that?  Is the skyline — or any other stunning view — really worth it?

Well, you have to consider a few things and come up with that decision for yourself. What does the view contain? If you have a water view, or the view of a coveted skyline like New York City’s, then you can definitely expect the value you to be high.

You also want to consider the distance between the property and the view. So, ocean front properties, lake front properties, et cetera, will always be of a higher value as well.

The height of the property is an important consideration as well, and wide views are more valuable than narrow ones.

Tags: Property, real estate, views