Posts

Showing posts with the label power lines

Power Lines and Property Values - One Doesn't Affect the Other

Image
David Deem 714-997-3486 Dave@DeemTeam.com When it comes to searching for the right property, prospective homebuyers have a list of 'wants' and 'don't wants' of items they can't live without, and those they would rather not see in our around their home. Power lines are one feature that rarely appear on an owner's want list, as many people believe they will affect the value of the property. However, a recent article published in The Appraisal Journal's summer issue reports that a property's value is not affected when the home is located close to high-voltage transmission lines, or when those power lines are visible from the home. "High-Voltage Transmission Lines: Proximity, Visibility, and Encumbrance Effects," by James A. Chalmers, PhD, and Frank A. Voorvaart, PhD, cites a study of 1,200 home sales in Massachusetts and Connecticut from 1998 to 2007. The study also found that a transmission line easement adjoining a home's prop...