Value of Water View Home On The North Shore of Long Island

The Value of a Water View Home

A Seller asked Realtors Larry & Sheila, how will you decide how to price our Water View home on Long Island’s North Shore? 

It’s all about the Water View.

Water View homes are some of the most difficult types of property to value when pricing a home on The North Shore Of Long Island.

These are some of the questions that need to be answered first:

  • Is it direct full Water View all year long?
  • Is it The Ocean, Sound, Bay, Harbor, Man-Made Lake or Pond?
  • How close is the Water View from the property?
  • Is it a single Water View or several room of views?
  • Can something else be built in the future to prevent the view?
Other things to consider is:
  • The Location
  • The Condition
  • The Style
  • The Updates
What can also make it difficult to price a Water View residence is if nothing else like it has sold in the area for a while. If there haven’t been recent sales, then we will start comparing houses that are the same size and style in the area. We will then reach out to a broader area range having the Water View and similar comparables. This is the best way to establish the market premium for your Water View house or condo.
There’s no easy answer but we will determine to fairly price your Water View property. Ultimately, the value of the Water View is going to be what it is worth to the home buyer. Although through our experience we have found that Water Views are more valuable to most buyers, there are some who would prefer to have an open grassy look and be away from the water. 
As with all Real Estate, “a home is worth what a buyer is willing to pay.”
When looking for a Water View on Long Island, call  Lawrence “LarrY” and Sheila Agranoff at 631-805-4400 (c)

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