Bigger home on busy street v. Smaller home on quiet street

[Anonymous]

For me it would depend on the houses and the street, but I would hate not being able to get out of my driveway at busy times because of traffic, and/or backing out into traffic at night. If you have a circular driveway, that would help. I would be particularly worried if I had teen driver and a tricky driveway/busy road.

[Anonymous]

Close in CC, DC often doesn't have driveways. More like parking spot in alley.

[Anonymous]

All depends on the price. At the right price you can get value. Just be careful not to spend too much as you may have trouble recouping the money. You never know when you may have to sell. Forecasting future market conditions is impossible.

[Anonymous]

Is it the same for zoning purposes?

[Anonymous]

All Streets EXCEPT Military could be a great value at the appropriate price. Houses do sell well on Military, it is just a major commuter route for non local residents and could become a liability for your investment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd never buy on a busy street. I've passed up lots of great houses because they are on busy streets. That's a nonnegotiable issue for me. Some people I know live in great houses on busy streets and are perfectly happy. I like to garden and sit outside and chat with my neighbors, and that's so unpleasant on a busy street with cars and exhaust fumes. Plus my child has asthma, so the air quality is much worse right on a busy street. I'd choose the smaller, cheaper house. Move up when you have more money or add on to the smaller house. You can never change the traffic noise, though; you are stuck with that forever.

Yeah, there are a few people who think this way, but they're hardly the majority.

Backwards. Any veteran realtor will tell you that their experience indeed shows that an easy majority of buyers avoid busy roads.

About 20% more expensive to live on a quiet street, or house on a busy street 20% less valuable than other home in same area on a quiet street. Didn't your Realtor tell you this?

[Anonymous]

Currently there is a houses on both Nebraska and Military under contract for over 1M.

[Anonymous]

How do you know this? - 2 houses under contract for over 1M on Nebraska and Military

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd never buy on a busy street. I've passed up lots of great houses because they are on busy streets. That's a nonnegotiable issue for me. Some people I know live in great houses on busy streets and are perfectly happy. I like to garden and sit outside and chat with my neighbors, and that's so unpleasant on a busy street with cars and exhaust fumes. Plus my child has asthma, so the air quality is much worse right on a busy street. I'd choose the smaller, cheaper house. Move up when you have more money or add on to the smaller house. You can never change the traffic noise, though; you are stuck with that forever.

Yeah, there are a few people who think this way, but they're hardly the majority.

Backwards. Any veteran realtor will tell you that their experience indeed shows that an easy majority of buyers avoid busy roads.

About 20% more expensive to live on a quiet street, or house on a busy street 20% less valuable than other home in same area on a quiet street. Didn't your Realtor tell you this?

No, the six real estate agents I have worked with through the years have all said between 5% and 10% in this area. Never heard 20%. That sounds to me like fiction and wishful thinking. Of the six, four said 5% and two said 10%.

Have no idea where you get 20%, but that's not based in any reality.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'd never buy on a busy street. I've passed up lots of great houses because they are on busy streets. That's a nonnegotiable issue for me. Some people I know live in great houses on busy streets and are perfectly happy. I like to garden and sit outside and chat with my neighbors, and that's so unpleasant on a busy street with cars and exhaust fumes. Plus my child has asthma, so the air quality is much worse right on a busy street. I'd choose the smaller, cheaper house. Move up when you have more money or add on to the smaller house. You can never change the traffic noise, though; you are stuck with that forever.

Yeah, there are a few people who think this way, but they're hardly the majority.

Backwards. Any veteran realtor will tell you that their experience indeed shows that an easy majority of buyers avoid busy roads.

About 20% more expensive to live on a quiet street, or house on a busy street 20% less valuable than other home in same area on a quiet street. Didn't your Realtor tell you this?

No, the six real estate agents I have worked with through the years have all said between 5% and 10% in this area. Never heard 20%. That sounds to me like fiction and wishful thinking. Of the six, four said 5% and two said 10%.

Have no idea where you get 20%, but that's not based in any reality.

I agree that 20% sounds way too high. I live in Bethesda and I can't believe that a house worth a million on a quiet street would only be worth $800,000 if it was on Wilson Lane or another similar busy street.

[Anonymous]

Again depends on how busy of a Street -- Nevada, not so busy, Military -- pretty busy.

[Anonymous]

In terms of investment, does it really matter? Buy lower an then sell lower. As opposed to buy higher sell higher.

[Anonymous]

People by Sam's cola, but pay more for Coca-cola.

[Anonymous]

Anonymous wrote:People by Sam's cola, but pay more for Coca-cola.

I don't understand what you're trying to say??? People will pay more to be off a busy street. I think we got that.