I took this photo just this morning from my house. Pioneer Peak stands out from Palmer to Wasilla and is a premier landmark for the Valley. This view is worth something to me, and it would be worth something to a buyer of my home. But exactly how much is it worth?
When you price your home there are so many different and sometimes opposing values to add and subtract from the price it can be confusing. So which ones are important enough to take into account? Curb appeal is important, light is important, cleanliness and maintenance are important. All those will help a home sell faster than it’s competition. But you can actually add some value for a view.
A view like the one above is probably worth at least $10,000. You would find a price by comparing to similar homes and adding $10,000 to the price. Not all buyers will be willing to pay for a view, but there are plent of buyers that will pay a little more for a home that has a nice view.
Appraisers will adjust the price for a view but you will not see a view adjustment on the appraisal report. Bill Johansen of Alaska Appraisal and Reasearch will compare the home to similar homes that have sold recently and then find lot sales with similar views so that he can give the lot a realistic value because of it’s view.
If you are a buyer, expect to pay a little more for a view. In fact, depending on the view, you could pay a lot more.
Take a look at the views of some of the homes with views. How much would YOU pay for that view? The one to the right is for sale…click here for info.
