Value of a location + View

[duwi]

Different vendors are offering me different houses on the same street. They are all up hill.

One house (House #1) is $20K more expensive than the one opposite (House #2), because it has better view (the other one is not bad at all) and also North facing.

The one house (House #3) is $10K more expensive than the next one (House #1), because its location is higher than the other one. Both facing the same side, same street, they just next each other.

I am thinking to buy for an investment, aiming for capital gain in short time (~1 year). So which one should I choose ?

Thanks

[roseneath_rat]

You'd better be looking for some way to add value in order to sell for a capital gain in 1 year.

[Dean@Massiveaction]

I'd pick the north facing one always, but as an investor I'd buy whichever one was the most under valuation. And if they're all being offered cheap buy them all!!

[duwi]

I am always wondering why many people like north facing? isnt just depend on how we design the house?

[Dean@Massiveaction]

North facing houses are warmer, generally drier and last longer due to more sun

[fudosan]

I am always wondering why many people like north facing?

It depends. If you live in the northern hemisphere, south facing is preferred.

[duwi]

If a house facing South, the back part (which is facing North) would also warmer due to more sun.

[Kay]

Hi there. Duwi has a good point, because most houses have the outdoor flow around the back for privacy, and South-facing houses work best, especially with old-style bungalows and villas.

[roseneath_rat]

Only on the flat.
Here in Wellywood you often only face North or South cos you're perched on the side of a hill!