There are several things about large powerlines near a home that can affect resale and the ability to sell the home at all, besides health perceptions. There are some people that swear they get electrical charges from the electricity that leaks from the lines and causes an electro magnetic field. Besides the way they look, large power lines have been linked to increased health problems including cancer.
When you are looking for a good deal, you will find some nice homes listed for less than other comparable homes in the area without power lines. There are some people that see the large power lines and turn around when coming to look at a home. The only way you should consider purchasing one of these types of homes is if you expect to live there for forever, or take a loss by the time the home sells.
If the only home you can purchase is one that is drastically reduced due to these large power lines being nearby, you might want to wait until you can afford the home you want. Some homeowners claim the lines sway in high winds and creak or let out a whistling noise. The other thing to consider is how close they are to your home because they can break, especially in areas where there are ice storms.
Even if you take the negative health images out of the mix, you still need to consider the difficulty in selling the home. It gives you an uphill battle in recouping money from your investment before you ever get started. Unfortunately, there are homes on the market that may sit there a long time, unless the sellers lower the price, due to nearby high voltage power lines.
There are some towns where it affects many of the houses in town. People that live in close knit towns like this might not have as hard a time selling their home to others in the town. For those that live in the suburbs or metropolitan areas, this can be another story. If you ask many realtors, they will probably all tell you the same thing. Nearby power lines are like the plague to some buyers. There are other problems that are just as bad, including steep driveways, retention ponds and being next to active railroad train tracks. It’s hard to decide which of these problems are worse than the others.
When it comes to buying a home, you should always be considering resale before you write a contract. You never know when you will need to relocate for a job or a change in family conditions. You should try to find a home at a good price that is likely to hold resale the best. Very rarely will a home near large power lines ever see much appreciation, so if you are getting such a great deal you can’t refuse, you should think hard before investing.
Of course, the seller probably went through the same thoughts you are having if you have found the price of one of these homes an attractive incentive to purchase. Just beware that you might have to think of the same tactic and hope for the same kind of buyer when you decide to resell.
Content provided by Automated Homefinder. To search for Colorado real estate, visit one of the following links:
Sedalia Colorado real estate, Longmont Colorado real estate, or anywhere else in the Colorado front range.