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When A Great View Is Not A Great View

House hunting is a game where you try to get the most while paying the least. Part of getting the most is often finding a home with a view - but don’t get fooled.

When A Great View Is Not A Great View

After a hard day's work, you come home to your dream home. You change into something comfortable, grab a beverage and head out to the deck. There, you relax and take in your fabulous view. This is the daydream you have while standing in a home for sale that has an incredible view.

Yes, it is a nice view. In fact, it may be so nice that you do not really pay attention to the rest of the home. Even if you do, you may be able to overlook some problems that you would not otherwise if there was no view. At the end of the day, you make an offer and the seller accepts. Sixty days later, you are the owner, moved in, unpacked and enjoying your new property.

After a year or so, you come home after a stressful day. You change clothes, grab a beverage and head out to the deck. You are stunned to see a two-story home being built in the middle of your view. How can this be? This is an outrage! Unfortunately, you probably are out of luck. Depending on your town's bylaws, you may have no way of keeping the other property owner from spoiling your view. 

As you might expect, this situation happens more often than people would like to admit. When considering making an offer on a home, one must be very careful when it comes to views. You should never dismiss other problems with the home because you like a view. Further, you should not overvalue the view. A beautiful view today may just be a view of the side of a home in a year. Have your realtor investigate local building regulations regarding new construction in the area, the heights homes can be built in and also whether pre-existing homes can add second or third floors. 

If you don't - you run the risk of owning a room without a view.