Please don't be frightened away by 1 person's opinion or heresay. You can do your own due dilligence on the internet.Call the local electric company.
My town has a number of neighborhoods (and even an elementary school )located near the wires. When the concerns first came to light over 15+ years ago, the town called in a lot of experts, and there were a lot of open town meetings and discussions........all the information was made available in the library. The elementary school, which had been temporarily closed pending the scientists' evaluations, was reopened. It is thought by many that there is no more exposure to harmful "rays" from these wires than from the microwave in your home or the electrical appliances we use on a daily basis. The general concensus was that there was no danger.
. Of course, these type of issues are affected by perception, too.........I have had clients say they don't fear the wires as far as health is concerned, but they do worry about resale, and the fact that the wires are just unsightly..
It's up to you..............these homes do sell (at least in my area they do, as they are quite common), but they do sell for a lot less. There are buyers who won't even look at a home near the wires, so you need to be aware of that.
By the way, here an owner can call in the power company, and they will do readings to show what the power levels are in thw home coming from the wires. Often, the readings are rather low.
So, my response is....it's not a definite no-no.....it's a decision you can make once you do a little studying and due dilligence.
Prudential NJ Properties
Is it a no-no. WELL, it depends. If you do not care and want to leave that house only for your own funeral service I guess it is fine. If you ever want to sell it it is a serious problem. You will also possibly find that your electrical appliances have shorter lives. Others have made that claim. One person said that they had seen sparks come off cell-phone towers onto their pickup truck. High power electricity is not the best neighbor you could ask for.
The market dictates what affect such market area features have on the resale value of real estate. Analysis of market trends and the principle of externalities (which states that influences outside a property may have a positive or negative effect on the value) generally indicate such externalities, or external obsolescences (defined as: a feature made undesirable because of conditions outside the property which the owner of the property has no control over), are less desirable and therefore properties closer in proximity generally will command a lower selling price then similar properties farther away.
Electric towers have an area around them called the "fall zone". Which is the distance in which the power lines and/or tower will land in the event of a fall or collapse. Being within the "fall zone" and/or close to the "fall zone" is a major factor for a lesser appraised value. It may also result in higher insurance premiums and/or higher interest rates or lower loan amounts from a lender.
Here's a quote from an article about this:
"You may not care about the resale value of your home because you plan to live there forever, but be aware of the potential financial risk you are taking. If you ever find yourself in a position where you have to sell your home quickly, it may be harder to sell if it's located next to high-voltage power lines, which means you will probably have to price it low and possibly take a loss on the sale.
If possible, you should avoid putting yourself in that position. But if the only home you can afford is located next to power lines, and it meets all of your other home buying criteria, go ahead and buy it with the knowledge that you will also have to make it affordable when you sell it."
There's not proof about any danger of being in proximity of power lines - but there is a PERCEIVED health hazard that's enough to greatly reduce the value of the property and the length of time on market.