Comments on: What is the Value of a View http://agentwill.com/life/what-is-the-value-of-a-view/ Documenting Life and Real Estate in Vancouver Thu, 20 Nov 2008 21:00:41 +0000 http://wordpress.org/?v=2.3.2 By: maggie chandler http://agentwill.com/life/what-is-the-value-of-a-view/#comment-115 maggie chandler Thu, 28 Feb 2008 04:24:24 +0000 http://agentwill.com/life/what-is-the-value-of-a-view/#comment-115 long before you were born..back in the good ole days of the '80s...! buyers who couldn't afford another $30K to enjoy the beautiful view of english bay would say to me "maggie, most of the time in vancouver you cant see the view because of the weather and when the weather's good i can just walk to the beach and view it myself" on a more serious note...when the market tanks...and it always does at some point....waterfront and waterviews hold their value better than any other piece of real estate long before you were born..back in the good ole days of the ’80s…! buyers who couldn’t afford another $30K to enjoy the beautiful view of english bay would say to me “maggie, most of the time in vancouver you cant see the view because of the weather and when the weather’s good i can just walk to the beach and view it myself”

on a more serious note…when the market tanks…and it always does at some point….waterfront and waterviews hold their value better than any other piece of real estate

]]> By: Will Wertheim http://agentwill.com/life/what-is-the-value-of-a-view/#comment-105 Will Wertheim Mon, 25 Feb 2008 19:48:06 +0000 http://agentwill.com/life/what-is-the-value-of-a-view/#comment-105 Oh... did you have a view which most people would kill for? But you're absolutely right to focus on the quality of the home and to ignore the things you do not like but can change or live without. As to considering a view only to flip or rent out, well, for rent I'd say that a view can get you a lot more in the market but it may not be enough to cover the initial cost/financing of that view. As to flipping it I think it's safer to say selling it. Flipping (which is really just in reference to a short-term position) is only succesful when, no matter the property, when you pick up the property for less than what you can sell for (view or not view). Thing is that some people feel they cannot live without a view.... until they want to sell. Oh… did you have a view which most people would kill for?

But you’re absolutely right to focus on the quality of the home and to ignore the things you do not like but can change or live without. As to considering a view only to flip or rent out, well, for rent I’d say that a view can get you a lot more in the market but it may not be enough to cover the initial cost/financing of that view. As to flipping it I think it’s safer to say selling it.

Flipping (which is really just in reference to a short-term position) is only succesful when, no matter the property, when you pick up the property for less than what you can sell for (view or not view).

Thing is that some people feel they cannot live without a view…. until they want to sell.

]]> By: Tony C http://agentwill.com/life/what-is-the-value-of-a-view/#comment-103 Tony C Mon, 25 Feb 2008 05:03:02 +0000 http://agentwill.com/life/what-is-the-value-of-a-view/#comment-103 Were you referring to me when you mentioned friends who used to completely ignore their fantastic view down Georgia St into Stanley Park and all those trees/mountains? :) In answer to your question, I think the quality of a home is far more important than what sort of view it has. As you alluded to in your post, you can always get used to your view no matter how spectacular it is. Besides that, a view could get worse over time due to new development that may change or obstruct the view. However, it is difficult to get used to an exceptionally long commute, a poor home layout, or dealing with problems that come with an older home. That's why it's important to evaluate a home based on unchangeables such as location, layout, and age rather than things you change or live without such as anything that you can renovate or the home's view. I think the only time I would consider a view is if I was purchasing the home as an investment property to be rented or flipped :) As you noted in your post, the difference in financial value could make this type of purchase worth it! Were you referring to me when you mentioned friends who used to completely ignore their fantastic view down Georgia St into Stanley Park and all those trees/mountains? :)

In answer to your question, I think the quality of a home is far more important than what sort of view it has. As you alluded to in your post, you can always get used to your view no matter how spectacular it is. Besides that, a view could get worse over time due to new development that may change or obstruct the view. However, it is difficult to get used to an exceptionally long commute, a poor home layout, or dealing with problems that come with an older home. That’s why it’s important to evaluate a home based on unchangeables such as location, layout, and age rather than things you change or live without such as anything that you can renovate or the home’s view.

I think the only time I would consider a view is if I was purchasing the home as an investment property to be rented or flipped :) As you noted in your post, the difference in financial value could make this type of purchase worth it!

]]> By: Will Wertheim http://agentwill.com/life/what-is-the-value-of-a-view/#comment-101 Will Wertheim Mon, 25 Feb 2008 04:02:42 +0000 http://agentwill.com/life/what-is-the-value-of-a-view/#comment-101 Thanks for coming by, Matt. We'll have to catch up at one of the meetups coming up. Three main reasons why I don't. First is efficiency in getting through reader posts. Yeah, pushing "J" is easy enough but I like to scan headlines and read what is interesting. Second is that, as you can see with quite a few posts, there are many features which you can only see by viewing the post on site (galleries, embedded PDFs, etc). The third reason is to stymie potential splog scrapers who love to build spam blogs off of RSS feeds. A fourth reason, which will hopefully gain traction, is to encourage an active comment community. Thanks for coming by, Matt. We’ll have to catch up at one of the meetups coming up.

Three main reasons why I don’t. First is efficiency in getting through reader posts. Yeah, pushing “J” is easy enough but I like to scan headlines and read what is interesting. Second is that, as you can see with quite a few posts, there are many features which you can only see by viewing the post on site (galleries, embedded PDFs, etc). The third reason is to stymie potential splog scrapers who love to build spam blogs off of RSS feeds.

A fourth reason, which will hopefully gain traction, is to encourage an active comment community.

]]> By: Matt Collinge - the 604homesguy http://agentwill.com/life/what-is-the-value-of-a-view/#comment-100 Matt Collinge - the 604homesguy Mon, 25 Feb 2008 03:41:27 +0000 http://agentwill.com/life/what-is-the-value-of-a-view/#comment-100 Will, the view from my Google Reader does not include your whole post which mean I actually come over here and look at your ugly mug. LOL! Why can't(don't) you just send the whole post to my reader? Will, the view from my Google Reader does not include your whole post which mean I actually come over here and look at your ugly mug. LOL! Why can’t(don’t) you just send the whole post to my reader?

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