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A view is a key factor in increasing the value of a property, regardless of its style. Take Art Deco, for example: even if a spectacular view of the bay or the water isn’t possible — simply because there isn’t one — an unobstructed view, even just of the street or the back of the building, already adds significant value.
To illustrate the impact of a view, imagine a building facing the bay. Two apartments there have exactly the same features: same square footage, same layout, same materials, same finishes, same kitchens. They are on the same floor, not side-by-side, but directly across from each other. Yet, the price difference between the two may reach $100,000 to $150,000.
Well, the difference will be visible through the window. That is to say, the first unit will have a magnificent view of the bay, and the other will also have a magnificent view of the city. But that’s not the bay. When you enter a building that you know is on the bay, you don’t expect anything other than a view of the bay, plain and simple. And this expectation, this mental projection, comes at a price.
