The rule is "location, location, location" for a reason.
A cul-de-sac is a dead-end road with only one entrance and exit to other streets, and on residential streets it often includes a circle for cars to turn around. Often located deep within a subdivision or at the end of a neighborhood, a cul-de-sac means minimal traffic, which will be a big selling point down the line. The farther inside the neighborhood you go, the less traffic you’ll experience and the more desirable the houses typically become, explains Roberta Parker, a real estate agent for Berkshire Hathaway HomeServices Fox & Roach, Realtors in Princeton, New Jersey. A cul-de-sac may also back up to a wooded area or undeveloped land, so homeowners benefit from the added privacy of having no neighbors behind them. As Parker says: “A cul-de-sac is your best investment.”
Double yellow line
The area might not seem busy if you visit on the weekend, but if the home is located on a two-lane road with a double yellow line to prevent cars from passing each other – most often found in less-populated suburban or rural areas – Parker says it’s a red flag that a lot of cars use the road. “A double yellow line is an indication that there is more traffic, and it’s not typical of just a neighborhood. A double yellow line is a serious road,” she says. Expect it to be difficult to turn left out of your driveway during peak traffic hours. Also expect speeds higher than 25 miles per hour, which may make spending time in the front yard feel unsafe if you have pets or young kids.
Highway within sight
Regardless of how far you travel to work, a home next to an on-ramp is not ideal due to the noise pollution and the difficulty you’ll have trying to sell it in the future. It's better to live in a neighborhood that is set up to provide easy access to commuting options and where you won't have to see or hear traffic from a highway.
With a railroad near your home, you have a whole new type of car to be concerned about. Trains are loud to begin with, and if you live near a tunnel, train station or railroad crossing, expect even more noise as conductors sound horns and bells to ensure the track is clear. “Some people would shy away from a location like that. … When a freight train rolls through, it clanks, and there’s horns and more noise,” Somers says. If you’re considering buying a house near a railroad track, find out how often it’s used and the times of day trains will pass by. A regular midnight freight train could keep you up at night in your new home.
Brick or cobblestone paving
A brick or cobblestone street often comes with the assumption that the houses on that street are as old as the paving. You may even live in a historic district of your city or town. “They’ve kept that (paving) because it has a such a historic and a kind of cool feel,” Hague says. A well-maintained house on a historic street will attract many potential buyers willing to pay top dollar for the location and overall look. Living in a historic district also means you’re expected to maintain your home to historic standards, so you’ll likely need to seek approval to paint your house, renovate the kitchen and even update the plumbing. All of these projects are likely to be more expensive for historic houses, as you may need to hire contractors with experience working on historic properties.
Attitudes about corner lots within a neighborhood can vary depending on an individual’s preference, but Somers says preferences have evolved to favor interior lots. “Corner lots back in the ‘50s and ‘60s were a premium site. Today people will steer clear of them; they don’t like them as well,” Somers says. “Because of the yard configurations, they usually end up with a small backyard and large side yard. It’s less appealing than the standard interior lot. Plus, they’ve got twice the sidewalk to shovel.”
One-way streets are often found in more urban settings and often close to downtown to reduce gridlock. While it might prove inconvenient at times to live on a one-way street when you’re running late and need to head in the opposite direction, people don’t seem to let it affect their preference. Somers says he doesn’t see any change in desirability for a property located on a one-way street. So don’t be concerned about attracting potential buyers – the appeal of living close to downtown will likely outshine any downsides of living on a one-way street.