14. Extra Land For a Good View
Out of everything on this list, buying my next door neighbor’s house just to knock it down is the thing I would do if I became a millionaire. And I’m not the only one. Many wealthy people will wait for the opportune moment to buy their neighbor’s house for the sake of having a better view, or additional land. One of the most famous cases was when JK Rowling bought her next door neighbor’s house in Edinburgh, Scotland for $1.6 million, and knocked it down. This was enough land to build her kids an epic treehouse, and provided her more privacy.
After looking through Reddit, there are several stories out there. Here’s what CreativeMind11 had to say: “A guy in my town bought 4 plots of construction places for houses across the street and turned them into gardens, solely so his view wouldn’t be deteriorated. The plots were 500k each.” Here’s another from IBetThisIsTakenToo. “A partner at my wife’s firm bought his neighbor’s house when they listed so he could knock it down and make a garden. Then did the same with the neighbor behind him, and put in a tennis court, pool, and “pool house” (which has an attached 2 car garage and like 3 bedrooms). And these were all million dollar homes. So now he owns 3 out of 4 houses at the end of his street, presumably biding his time for the last one.”