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Corner Influence
Corner influence is the term used to describe the impact on the value of a home because of its position directly on a corner of the street or nearby. Various factors play into the value of a home. For example, a home that is located directly across the street from an elementary school may be priced higher than a home a few blocks away because of the convenience and quality of life that it will provide for its residents. Similarly, corner lots may be more desirable because they are often larger, and they are surrounded by only one neighbor, as opposed to two neighbors, if a home is not located on a corner. Corner influence may impact the homes that are near a corner as well. Sellers of a corner house typically market their home as such because many buyers prefer a corner lot.