“Everyone wants to live in a nice neighborhood, and if on a budget the rule of thumb has always been to look at the poorest house in the classiest neighborhood. But what happens when an undesirable business moves into your zip code, or even at the end of your block. Just like bad residential neighbors who leave old rusty cars on their lawn, the wrong type of industry can send your home value plummeting. You can’t always predict what businesses will be approved by your zoning board to spring up in the future; however, you can be on the lookout for a few which will not mean good news for your overall home value.
Here are 10 of the industries that can hurt property values.
9. Power Plants
Just as popular as the city dump, having a power plant in your zip code is not a selling feature. It also has a 7% depreciation value on homes, not just from noise, but from fear of toxic waste, industrial accidents, and waste disposal.”
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Housley Real Estate News found on internet 22 September 2020.