Major Types of Lot for Real Estate
- Author Mary Lopez
- Published June 8, 2011
- Word count 556
You are visiting Albuquerque because you want to look for various designs and styles for a house so you can see your options before you invest in one. However, there are so many Albuquerque real estate properties and it is making it hard for you to choose one. You still have to consider so many factors before finally deciding on investing in a real estate. But are you sure your list is complete for all the things you should consider before investing? It is not yet complete if you still have not yet taken into account the type of lot where the property sits. You should be knowledgeable of the various types of lot and its own advantage and disadvantages because these kinds of information can help you decide appropriately what house to buy.
One of the most popular type of lot, and sometimes most expensive, as well, is the corner lot. As the name is implying, this kind of lot lies on the corner, usually of two intersecting streets. Because it is on a corner, the property can have two frontages, found in each of the sides. The location also allows for two entrance points for the house. Most of the corner lots are sold in its maximum value primarily because of its strategic location. This is especially true for commercial properties sitting on a corner lot because it makes way for higher visibility and easier accessibility to the place.
Another popular type of lot is the interior lot. Actually, this is the standard type of lot for real estate. Interior lot lies between the houses on its left and right side. This lot fronts on a single street and typically has a backyard on the property.
There are also real estate lots you see on dead-end streets. Professionals call this type of lot as cul-de-sac lot. It has a curved frontage and due to this, front yard area is lessened. One good point of this type of lot is that properties situated have larger backyards. Another advantage is that this kind of area is actually safer for children especially if they want to play on the street because of lesser traffic. Owners of this lot can experience more privacy and security.
A recessed interior lot, commonly known as a flag lot comes with an extended driveway as one of its distinct features. One con of this kind of lot is that the long driveway can be a problem especially because of snows during winter season. The area can also have lower visibility. One advantage, however, is that, properties on flag lot areas have more privacy and security. Flag lots are uncommon style for real estate properties but you can find designs like these in most villages in the nation.
Lots lying on the end of a T-intersection are simply called T-intersection lot. One of the best advantages of this kind of lot is that it has a very strategic location for commercial and business establishments. T-intersection lots have high visibility because of the traffic and the number of vehicles passing along the area. However, this lot is not very suitable for families with children as it would be dangerous for them to play on the streets because of the traffic. T-intersection lots can be sold in its premium worth because of its high marketability.
Mary Lopez is an experienced professional in the real estate industry. Visit Albuquerque Homes for Sale and Albuquerque Real estate to see quality listings.
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