Whether you're looking for a corner lot to build your dream home on or are hunting for your ideal home, you may have noticed one and wondered if it's a suitable location.

What Is A Corner Lot?

A corner lot is a plot of property located where two streets or roads intersect. The streets usually run along one side and the front of the lot. Corner lots can be found in various places, such as the center of a neighborhood or at the end of a busy street. 

When developers first began constructing cookie-cutter McMansions in the 1990s, it was difficult for builders to sell homes on corner lots. Among other things, buyers did not like the increased street visibility, reduced privacy, and noise. 

To offset the criticism, some developers chose to charge a premium of $5,000 to $10,000 for these corner sites. This attracted attention, and the lots started to sell. Nowadays, their popularity is more akin to that of living on a dead end. In the current market, a corner lot is always selected because of the features and numerous advantages these pieces of real estate provide buyers.

Before you purchase or construct your next home on this particular kind of unusual zoning lot, we'll go over the advantages and disadvantages of corner lot homes to help you make an informed selection.

Most Desirable Features

Bigger Yard Space

The extra yard area that a corner lot provides over other ordinary lots is one of its biggest benefits. This makes it possible for a house to have a distinct layout for the yard and floor design. An excellent curb appeal option would be a side-entry garage rather than a front-entry garage, as the front of your house would not be hidden.

Additionally, you have more space to design outside spaces that may support different activities, such as a pool, kid-friendly play equipment, a larger garden, or just more area for sports or social events.

Plenty Of Natural Light

Since no other houses are typically obstructing the sunshine on three of the four sides, corner lots tend to have higher levels of natural light than other types. As the day goes on, natural light pours into your home from every aspect, especially in properties facing south. Also, most plants that enjoy the light thrive in it.

More Privacy

You won't feel nearly as vulnerable when you spend time in your backyard if you only have one neighbor close by. You can erect a privacy fence to keep others from looking in if you're worried about people using the sidewalks. Find out whether there are any fencing limits, particularly about height and material limitations.

More prominent

Building a house on a corner lot will provide you with a great deal of freedom if you love the spotlight and experimenting with gardening and landscaping ideas because your property will stand out in the area.

The Downsides

More Responsibility

Since the yards on these homes are usually larger, they could need more maintenance. When it comes to maintaining your lawns, landscaping, and clearing other debris, be ready to put in more effort. Alternatively, save more cash to hire gardeners and other essential service providers. 

More Traffic

Due to their location, corner properties receive a lot more traffic, which increases noise levels, the amount of light coming from headlights beaming inside homes, and, worse, the likelihood of some rather serious accidents caused by drivers breaking stop signs on nearby streets. It still depends on the neighborhood, though, as if the house is in a quiet residential area, you probably won't get much traffic. The position of the windows and the design of the house may also affect how well you sleep at night. When determining the location of the home, decide whether these factors are important to you and speak with your real estate agent.

Higher Visibility

Due to its corner placement, your home may have greater visibility even though you may have a little more privacy with fewer neighbors around it. The house is more accessible from two streets, which could increase the danger of burglaries. Nevertheless, if you're concerned, there are techniques to reduce those dangers. To get a bird's eye perspective of everything going on surrounding and close to your home, you might think about adding more lights and setting up security cameras in different spots.

So, are you ready for a corner lot? You still have the last say on this. Just as with any other special property location, you have to weigh the advantages and disadvantages, determine what qualities are most essential to you, and research the area and house thoroughly. Lastly, before making a significant choice, speak with your reliable real estate representative. Perhaps the ideal home for you is lurking around the corner, waiting for you to take another look.