Assessing a Home's Lot Configuration

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Part of the video series: Buying a Home

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Summary: Watch as a real-estate professional explains how to assess the lot configuration of a potential home in this free online video for novice homebuyers.

Views: 368 | Tags: home, house, market, shopping, buy, real, estate

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About the Expert

John Jackson John Jackson has put together a professional real estate team known as John Jackson & Associates. John's keen sense of fit turns the house buying process fr... read more

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Video Transcript

Assessing a Home's Lot Configuration

Hi, I'm John Jackson from Remax Suburban in St. Louis, Missouri. I'm here today to talk about how to buy a house for Expert Village. As you move from house to house and you try to decipher the pros and the cons of each individual house, the very first thing that you should be looking at is the location of the lot within the specific neighborhood that you're looking at overall. For example, this house here is situated on a corner lot. This lot slopes down toward the street and the street behind me is a though street so traffic is certainly a consideration. Another thought with the lot is, is the basement a walkout such that it can be finished and incorporated into living space a little bit easier than lots that are not a walkout basement. Another consideration on the lot is the functional use of it, whether it's for children with a play space or room enough to kick a ball or throw a ball, or for pets. If it's a fenced in yard or if that would be an added expense for you down the road. Choosing the lot is crucial because it's very expensive or completely impossible to change the lot or to improve it.