Purchasing a Plot on a Main Road – Pros & Cons
One of the biggest decisions you may have to make in your life entails the decision of purchasing a plot or a house. People save up for a lifetime and invest in a place that is best suitable for them in terms of living and affordability.
Finding the perfect house can be tough as there are lots of aspects to consider. One important issue is whether to buy a property in a busy location or a quiet one. On one hand, a plot on a main road can offer easy accessibility, higher resale value, and better infrastructure. On the other hand, it can be noisy, unsafe, and expensive.
As mentioned before, purchasing a plot of land is a big investment decision, and one that requires careful consideration. When it comes to purchasing a plot on a main road, there are both advantages and disadvantages that need to be evaluated.
In this blog, Agency21 International will take a closer look at the pros and cons of buying a plot on a main road, helping you make an informed decision when it comes to this important investment.
So, if you’re considering purchasing a plot of land on a main road, read on to find out more about the potential advantages and disadvantages that come with this decision.
Pros of Purchasing a Plot on a Main Road
1) Better Access to Transport
A plot on a main road will have easy access to transportation, making it convenient for residents to commute to and from work. This is particularly beneficial for those who don’t have their own means of transportation. People will also have close access to public transportation as houses on main roads are usually close to bus stops, etc.
2) Visibility
A plot on a main road will be more visible, increasing the chances of your property getting noticed by potential buyers or tenants. This makes it a good option for commercial properties or businesses that rely on foot traffic.
3) Higher Resale Value
Plots on main roads tend to have a higher resale value due to their prime location and easy accessibility. As the area develops, the property value is likely to increase, making it a good investment opportunity.
4) Better Infrastructure
Main roads are usually the first ones to get better infrastructure facilities like water supply, electricity, and internet connectivity. This can be a big advantage, especially if you plan to build a house or a commercial property on the plot.
5) Where Everything Is
The main road of any city is always the busiest of all roads. A huge number of people will commute on a daily basis from the road close to your home. This is a major plus for the people who appreciate a lively neighbourhood and enjoy the hustle and bustle of the city.
6) Close Proximity to Schools, Hospitals, Businesses
As previously mentioned, accessibility is one of the main pros associated with living on the main road. You will most likely have easy access to the greatest amenities. Schools, hospitals, and corporate offices- all are most likely to be at a walking distance from your place!
7) Better Security
Compared to homes in quiet regions, people have far better security and police presence on the main roads. These roads are close to the regular noise and the busy life of the city. Furthermore, main roads are also well-lit and crowded, making it very likely that you feel safer going alone at night on the main road as compared to walking alone on quiet roads.
8) Better Road Maintenance
Due to low traffic, side lanes and streets do not receive the same care as main roads. When there is snow, main roads are always cleared first due to their high usage. When the time comes to resurface the road, busy roads are usually prioritsed.
Cons of Purchasing a Plot on a Main Road
1) Noise Pollution
One of the major disadvantages of buying a plot on a main road is the noise pollution. The constant sound of traffic can be disturbing, and can affect the quality of life of residents.
2) Safety Concerns
Plots on main roads can also have safety concerns. The constant flow of traffic can increase the risk of accidents, and there may be issues with parking or pedestrian safety.
3) Higher Cost
Plots on main roads tend to be more expensive than those in quieter neighbourhoods. This can be a deterrent for those looking for more affordable options.
4) Limited Privacy
With the constant flow of traffic and pedestrians, a plot on a main road may offer limited privacy. This can be a concern for those who value their personal space.
5) Dust Pollution
A property located on a main road is undoubtedly more exposed to the surrounding dust. If you are sensitive to dust or have allergies, then staying on the main road may not be the best option. Living on the main road, on the other hand, may not be a problem if you have a good air filtration system.
6) Problems with Parking
Parking can be an obvious problem if you are living on the main road. For example, a resident living on a street doesn’t have enough parking space for their additional vehicle, and for this reason, they might frequently park in the street.
In homes located on the main road, you don’t have this facility. Parking can therefore become a problem if you own a second vehicle that you are unable to keep in the garage.
7) Not as Safe for Children & Pets
Living on a main road exposes children and pets to an elevated risk of danger compared to living on a quieter street. The increased traffic and faster speeds require extra caution and vigilance to ensure that children do not wander out unsupervised and that pets do not escape through the front door or side gate.
While it is possible for children and pets to escape onto the street from any property, the likelihood of harm is heightened when living on a busy main road. As a result, it is essential to take additional safety measures and supervise children and pets more closely when residing in such an environment.
8) Resale Value
When considering purchasing a home, buyers evaluate multiple factors, such as location, amenities, and price. Housing options near main roads are more challenging to sell due to their proximity to high-traffic areas.
While some individuals prioritise affordability over location, many buyers value privacy and seek to avoid the noise and congestion. As a result, the pool of potential buyers for homes near highways tends to be smaller, leading to longer wait times and fewer offers for sellers.
The Final Verdict
In conclusion, purchasing a plot on a main road can have its own advantages and disadvantages. While it can offer easy accessibility, higher resale value, and better infrastructure, it can also be noisy, unsafe, and expensive. It is important to weigh these factors and evaluate your needs before making a decision.
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