3 Neighborhood Features That Quietly Lower Home Value

When it comes to your home’s value, the old adage “location, location, location” really does hold true. The neighborhood your home is located in can have a significant impact on its value and resale price – and not always in a good way.

 

So, here are some neighborhood features to watch out for, especially when buying a property you intend to sell in the future:

 

While a power plant may not seem like an immediately obvious drag for property values, it can actually have a significant impact on the value of surrounding homes – around 5.3%. Most people cite safety and health concerns when there’s a power plant in the vicinity. So if you’re searching for a home, it may be wise to steer clear of any neighborhood that’s located near a power plant.

 

While some people might find living next to a graveyard peaceful, most would beg to differ. Traditionally, most people believe that living near a graveyard is bad luck. And if your home’s located next to one, it could make it more difficult to sell – especially if potential buyers have young children. But if you’re dead set on living in a particular neighborhood, try to find a home that isn’t right next to the graveyard!

 

People who travel a lot would consider living just a few miles from the airport – but not close enough to hear engines revving up day and night! If you live under a flight path, there’s always going to be noise pollution; it’s just a matter of how much and how often. The more pronounced the noise is, the harder it will be to resell your home. So if you live near an airport, keep that in mind when it comes time to sell your property.

 

If you’re looking for a home in Eastvale, California, be sure to consult with a local realtor who knows the area. They’ll be able to help you find a neighborhood that meets your needs and doesn’t have any undesirable features that can drag down your home’s value. Contact Camden Mckay Realty at (909) 361-3350 today to get started.