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Any advice on how to de-value a property due to its location next to a large power line?

  • December 17 2008 - Covington
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Answers (1)

There is really no hard and fast rule on this, rather it's often subject to the markets response to the nuisance. What that means is that there are few people who are willing to "live with" power lines, especially if they are in view. So, if you are trying to sell a property with these lines, and the property is a residential house or condo close to existing lines, it's important to research comps that have sold, also with the same or similar location. If you are considering a purchase, the same format of researching values would hold true. This may take some in depth field study to qualify the comparables, but is the best means to come to terms on value. Finally, if you are considering a purchase of a property with this type of nuisance, you need to know that this will always be a stigmatized property, and it will be a challenge to sell, in any market, good or bad. Hope this helps!
  • December 18 2008
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