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Value to property
How much does value of a patio villa increase if on a corner lot?
How much does a 10x10 room enclosed with plexiglass add to value of property. I realize that estimates may vary, but I need at least some idea. Thank you |
IMHO, enclosing with plexiglass would be a negative, enclosing with storm rated double pane glass would be a positive.
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I think to a lot of people, a corner lot is a negative, especially for a patio villa. Too much grass to maintain, and more street traffic. The front yard is pretty much useless.
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Our enclosed lanai was $5000, not sure if the value would be $5000 in a sale but I am not going anywhere so I may never know. The house value has increased $30,000 in 18 months and we now have $80,000 in equity in the house. We are in a Villa but next door to the corner lot.
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Personaly I would never live on a corner lot in any property.
Many times seen them treated as a local park for dogs to have a dump on, and as short cut for pedestrians to lazy to keep to path. Lived on a corner for a winter whilst renting, and those two things were daily occurrances. Could have had a row a day if so inclined! As for the enclosure, the villagetinker is never far off the mark. |
We have a small corner lot, at the entrance of our villa. It is perfect because little to maintain, the Villages takes care of the beautiful plantings and we get the perks plus the privacy. Husband mows the grass in 20 minutes. The back of our patio villa backs up to the preserve area so we enclosed the lanai with big glass windows and a mini split to be able to use the room year round, contractor was Custom Windows. No regrets. Value has definitely increased though actual amount I can't tell you.
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Maybe check with a realtor you might know? Or call TV realty and just ask them...worst they could do is not answer you. You'll get a better answer asking the right people.
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We have never been a fan of corner lots. If left to all grass, costly to mow and to maintain. If you decide to landscape, that side is usually the garage side of the house, which means you probably will never enjoy looking at your landscaping and justify the cost of the project and the maintenance. Just my opinion.
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Geez. |
*♀️ we are waiting on construction of a structure over the existing cement patio. It will have large plexiglass windows that are removable if desired. Glass would be too heavy. I like the versatility of having it enclosed or screened. I think it will add to the value of our house but we are adding it for our own enjoyment which is what every homeowner should do. If you are hoping to flip, that’s another story.
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Apples and orangutans. |
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What I have seen is a General number used in determining value would add $10,000 for a corner lot. Enclosing a lanai ads no value, although it does make the property more appealing when it's time to sell.
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Had a screened in porch with plex removables for summer. Rebuilt the porch and installed 8’ sliding doors all around. Want air? Half the wall space is screens [part of the sliding doors]. Want it enclosed with glass. Shut the doors. No custom sizes, easy to frame, aluminum or I preferred vinyl.
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Corner lot = more saleable if you decide to sell, enclosed lanai = 0$ unless you like a sauna.
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Unless you want bigger lot with no neighbors on one side. |
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ANOTHER PERSPECTIVE: When you live in a corner lot in a Courtyard Villa like I do, you get the benefit of a large but private back yard and a wall on all sides to keep out any dogs or intruders. I think that is a good thing!
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I live next to a patio villa corner lot, according to Zillo it’s worth $9000 more than mine, but that’s assuming there alike (meaning what kind of shape it’s in etc..). I have an enclosed lanai and was told it would add an additional $2000.
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Thank you all for all of the comments. Very helpful!
i have decided to pass on the villa on a corner, mainly because I would still have to mow, water and feed the grass, the same as I do at my house now. Nothing gained. Thanks for stating all the things to consider. |
You couldn't give me a corner lot... had one once, never again.
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call the county property appraiser
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Agree with a previous poster. Corner lot is great for our dog. We have more privacy than the other homes and if we ever decide to sell the new owner can put in a pool. As far as maintenance, it’s significantly less than what we had up North so is really not an issue. Cutting grass is easy. The homes with lots of landscaping have the extra work I prefer not to do.
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One difference I didn't see mentioned about a patio villa on a corner lot. Generally in that situation, TV will give a stretched out lanai to those homes. The standard is a 10'x10' lanai on front. Someone wanting to put a hot tub inside the screen or maybe a table and chairs for eating, you'll have the room and you're sliding glass door will open to the lanai. Here's a corner lot with a 2 car garage brand new for $216K in the Village of Hawkins, looks nice. This home is north of the Turnpike, so it's already golf cart connected.
Homefinder - The Villages(R) Homes and Villas for Sale https://image.thevillages.com/api/ul...pg?w=648&h=400 https://image.thevillages.com/api/photo/698050.jpg https://image.thevillages.com/api/photo/698055.jpg https://image.thevillages.com/api/photo/698060.jpg |
Nice, but still no infrastructure south of 44 far as I’m concerned
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