Grand Valley Homes With a View
Colorado National Monument, The Bookcliffs, or The Grand Mesa
What is the most sought-after amenity for buyers in a Grand Junction home? There is no debate, it's a home with a view of the Colorado National Monument. You can talk about imported hardwood floors, and beautifully designed kitchens, but real estate professionals agree that views help sell a home more than any other main feature. Just look at the online real estate ads, If a home has any view at all, it's always mentioned and photos included in the listing.
What Price for a View? It's in the Eye of the Beholder
If you travel to a tropical country and stay in a high-rise resort hotel, it's quite common to find that room rates vary depending on the type of view that there is from room to room. It's the same in real estate. If you are looking to buy a home or a lot with view, then you can expect to pay more than one without views. So how much is a view worth in real estate terms? Of course, what makes a good view is subjective.
There are other factors that have to be taken into account when determining how "good" a view currently is and will be in the future:
- Is the view partially blocked by trees?
- Could it be blocked in the future by currently young trees?
- Could a house be built nearby blocking the view?
In the Grand Junction area, we have "Colorado National Monument Views", "Golf Course Views" and "Bookcliff Views". In nearby Palisade, they have "Grand Mesa Views and "Mt Garfield views". What is the price for a view? How do we determine it's value? Generally speaking, local appraisers usually add around 10-12 percent for a good view. These are conservative figures, just as property appraisals tend to be, especially if they are initiated by banks in response to lending requests from potential buyers. Also, appraisers don't consider a "view" as a material component of a home such as a pool or a shop, the value will always be on the conservative side. Buyers will usually pay over the asking price for a home.
The value of a view will always be what someone is willing to pay for it. In that regards, it's similar to a home or a painting. You can establish a market value by comparable sales, but people will offer more or less than the established price.
In the end it all comes down to what premium you as the buyer are prepared to pay for the enjoyment of having a good view from your new home.
This is the view 464 Seasons Drive has from almost every window in the home. My Arizona buyers were willing to pay "over asking price" to acquire this impeccable home for $807,000
