When you're shopping for a home, how do you price a view? The view above is from a balcony at the Representative overlooking Pentagon City in Arlington County. Does this view make this condominium home more valuable? If so, how much more valuable?
Like the Representative, Montebello sits atop the ridge overlooking the Potomac. Much of the best property in Northern VA is found on this ridge, because the elevation provides excellent vistas of the Potomac and the city.
The Alexandria House is not on the ridge, but down by the Potomac and surrounded by the smaller structures of Old Town Alexandria. Its balconies provide great views of the city and the river.
Who's to say what a great view is anyway? Some people like the city view. Some folks prefer a nature view. Some folks like the monuments. And others couldn't care less about the view.
For myself, I never judge a view by standing at a window. Because when you live in a home, you don't stand at the window. You pass through rooms and halls on the way to do life's errands. I judge a view from the center of the room, or when seated at the couch. But in the end, it's all subjective. A view costs more, on that we all agree. But the value of a view is only known when the price a buyer will pay intersects with the amount a seller will accept.
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About the Author --- Will Nesbitt is the principal broker of Condo Alexandria and Nesbitt Realty. Will specializes in condos, townhouses and single family residences in Alexandria, Arlington, Fairfax County, Crystal City, and Kingstowne. Will resides in Belle Haven Estates just outside Alexandria VA in Fairfax County. |
