A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.
January 16, 2012
Power Lines and Home Values
Recently, I had a client ask me whether or not being close to high voltage transmission lines would negatively impact a home's value. The short answer is definitely: Yes...
After much research that I had completed a year ago, I couldn't find any definitive scientific proof that power lines have any detrimental effects on health even with serveral decades worth of research studies. I encourage you to do similar on-line similar research. The original concern appears to have been caused by a single article published in the New Yorker magazine that brought it to international attention based on a research paper. With that being said, that original magazine article and the media frenzie it created are still in the back of many people's minds. Of course, perception is reality for many and they see these structures and are concerned. So, is it safe to assume that there is a stigma associated with high voltage power lines being too close to a house or a neighbourhood? – Yes.
Whether or not there is a health concern, it's pretty clear that these structures pose ugly backdrops to a home. There are several communities in Calgary that have these transmission corridors between them and the scenic mountain or river valley views. Do these beautiful mountain vistas offset the negative stigma of the power lines? Not based on the number of buyer clients that I have shown these homes to. Curb appeal - both front and back - plays a significant role in home value and just as a beautiful valley or mountain vista has the potential to increase a homes value, the opposite often happens when the view is unsightly. Proximaty to anything negative - power lines, a dump, a storm runoff holding pond, an unsightly building, a highway, a front yard transformer box, a neighbour's unkept yard - any of these things are likely to negatively impact a home's value.
The bottom line is: Yes, it's a consideration if you're considering buying a home near a high voltage transmission line because when you go to sell the home, your pool of potential buyers and home value may be diminished.
For more information about buying or selling a Calgary home, please contact me today.
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