New Projects

The Value of a View

January 29 2024

Beauty is said to be in the eye of the beholder but when it comes to real estate, the standard of the view has a direct impact on the price of a home. 
The Value of a View

In the new projects sector, the view on offer from each new apartment carries a whole lot of weight and is a significant factor that differentiates one sky home from another. 

New research by K Property Insights, in collaboration with Michael Matusik, shows that the scenery, elevation and clarity of a view can impact the purchase price by as much as 80%.

The report assesses the price impact of five common view types on a new apartment with a hypothetical base value of $1,000,000.

Increases Price by 3%-5%

This view category places you at the same level as many neighboring properties but offers the privilege of gazing upon a spacious, non-residential vista, such as an open space. Such a view can increase a property’s sale price by 3% to 5%, potentially elevating it to $1,050,000.

Increases Price by 6%-8%

A view from above grants you the advantage of nearly unobstructed sightlines, with just a few structures partially impeding your view. Generally, the higher the view, the higher the value it brings. A rooftop’s partially obstructed view can add 6% to 8% to your property’s value, pushing the potential sales price to $1,080,000.

Increases Price by 9%-12%

Homes perched atop small hills that offer unobstructed views of the surrounding area fall into this category. These views command more value, as they extend beyond a few neighboring houses. Such a view can increase a property’s value by 9% to 12%, potentially reaching a new sale price of $1,120,000.

Increases Price by 15%-25%

An expansive, panoramic view from your home can significantly enhance its value. The value added can vary greatly, depending on the specifics of the view, but it can potentially boost the sale price to a high of $1,250,000.

Drift | Kollosche new projects

Increases Price by 30%-80%

The most coveted view remains one that encompasses a vast body of water, with saltwater views taking the top prize. For premium values, the water view must be unobstructed and visible from multiple rooms. Depending on the water body, property value can soar by up to 80%, pushing the price of a $1,000,000 base house to a staggering $1,800,000.

Navini Bilinga | Kollosche new projects

Enquire about available New Projects today.

Subscribe to Kollosche news