Profile picture for MCG72

Cell phone antennas

Does anyone have experience in the after effects of having a cell phone antenna installed on a condo building with regards to sales price and abuility to attract buyers.  Or to put it another way would the reduction in assessments cost paid by rental income from an antenna outway a buyers reluctance to live near one?
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April 22 2009 - Chicago
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Answers (4)

Having a cell phone antenna should be beneficial to you as a buyer. It is additional income for space that would otherwise have no use. Unfortunately, many lenders do not recogonize this income or do not value it appropriately due to its uncommon nature. As mentioned by others, there are a lot more sites then you think. While there is confilicting opinion whether it's unhealthy or not, they are pervalent in our everyday life and everywhere we go. In densely populated communities many condos and apartment buildings have them so we tell most of our clients this shouldn't deter them from buying a property.
 
Also These leases can also be bought out for a lump sum. We work with several companies in structuring these to try to get our clients the highest offer and best terms. Some companies demand easements, etc. Feel free to email me with questions.
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April 21 2010
Profile picture for Pasadenan
They don't transmit downward; the transmit outward.  The antennas are very directional; that is why typically 6 to 9 are mounted facing different directions.  If there are more at different heights, the others belong to another provider.  I would be more concerned about having a unit across the street from one than being directly underneath one.
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January 21 2010
Profile picture for alwaystrygg
I am a buyer, our loan was just approved, and we - just now - found out that there is a cell antenna on the roof, right on top of our condo!  Despite the loan approval we'll be pulling out of the deal and lose the earnest money deposit.  Cell towers are a very real health hazard.  We wish it was mentioned in the disclosures.  Thanks for a good question.
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January 21 2010
The ones that I have seen can be made very discreet. I've seen them in church parking lots and even designed to look like works of art. The church uses the income from the tower to keep up their rather large parking lot.

I live approximately 3 blocks from multiple cell phone antennaes and my reception is awesome! 
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April 22 2009
 
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