Home Buying in 95630>Question Details

~kelly, Home Buyer in Orangevale, CA

what do you guys think about living near powerlines?

Asked by ~kelly, Orangevale, CA Tue Jan 4, 2011

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I would say if it is in the neighborhood that you are looking for and it’s located in a good school district and the price is below market value(because homes next to power lines, railroads etc.)Typically sell for less, you should go for it. As long as you take into consideration that if you buy low you will have to sell low.
2 votes Thank Flag Link Mon Mar 5, 2012
Kelly, Great question, another factor to consider is the loan program you and/or the furture buyers will utiliize. below i have listed the FHA guideline for high voltage. not only will you have a smaller pool of buyers you will also have a smaller pool of available financing, if the high voltage is not allow under FHA.

No dwelling or related property improvement may be located within the engineering (designed) fall distance of any pole, tower or support structure of a high-voltage transmission line, radio/TV transmission tower, microwave relay dish or tower or satellite dish (radio, TV cable, etc.). For field analysis, the appraiser may use tower height as the fall distance.

For the purpose of this Handbook, a High-Voltage Electric Transmission Line is a power line that carries high voltage between a generating plant and a substation. These lines are usually 60 Kilovolts (kV) and greater, and are considered hazardous. Lines with capacity of 12 -60 kV and above are considered high voltage for the purpose of this Handbook. High voltage lines do not include local distribution and service lines.

Low voltage power lines are distribution lines that commonly supply power to housing developments and similar facilities. These lines are usually 12 kV or less and are considered to be a minimum hazard. These lines may not pass directly over any structure, including pools, on the property being insured by HUD.
1 vote Thank Flag Link Tue Feb 15, 2011
I would avoid them if possible, If it is the only property in the neighbourhood and the lines arenot posing an ugly view for the house, maybe it is possible to live considering that there no conclusive research about the impact on health. The price is a motivator, and buyers should be made aware that they may have a hard time selling such property. at the end it is a situation case and depends on the buyer's comfort zone.
Flag Thu Sep 12, 2013
What do you think of flipped homes vs regular sales in a neighbourhood?
I think a buyer needs to consider the older non renovated homes as long as they are OK with the outside structure and the layout of the house is pleasant and usable. or a buyer to renovate is much cheaper than buying flipped homes if the buyer has the time to deal with it and the extra resources outside the loan to do the renovations. Flips are great sometimes,but some flippers do superficial renovations that do not look uniform yet they ask for a very high margin. I wish there is a standard for the quality of flips.
0 votes Thank Flag Link Thu Sep 12, 2013
Personally I would avoid it. Currently, there is controversy over exactly what, if any, damage is caused by electromagnetic fields. Some evidence suggests that exposure to electromagnetic fields causes cancer, hormonal changes, and changes in behavior. Other studies have found no damage.
0 votes Thank Flag Link Thu Sep 20, 2012
If you are trying to buy the cheapest house for the money, that is the sort of thing that shows up a lot.
0 votes Thank Flag Link Thu Sep 20, 2012
Jim Walker, Real Estate Pro in Carmichael, CA
MVP'08
Contact
More importantly -

How do YOU feel about living near powerlines?

Debbie is right on target - be sure you are buying at a discount - as you will be selling at a discount to market value.

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, Virginia and District of Columbia
703-216-9100
0 votes Thank Flag Link Wed Jan 5, 2011
If you buy a home near powerlines, make sure when you go to sell, you remember the HUGELY discounted * price you initally paid!

* make sure you do pay a hugely discounted price !!!!

When you say "near" powerlines - what do you mean by near?
Are they in the back yard (really bad for resale) - are they down the block or across the street? (not as bad as being in the yard)."near" can mean different things to different people.\

Most of the material and research I have read doesn't seem to indicate a health hazard.
Perception, however, can be even more deadly. Powerlines aren't pretty, and many future buyers will want to steer clear of them. They may preceive a danger from living near them, too.

That being said - if this is a home you really love, and it's the deal of the century - and you plan on living there for a long time - then you might want to consider it.

Just make sure you are buying it with your eyes wide open, and realize it will take longer to sell down the road....for (much) less than a similar home in another location.

Obviously, these homes DO sell at some point.

Good luck

Web Reference: http://www.debbierosesells.com
0 votes Thank Flag Link Tue Jan 4, 2011
Most people do not like seeing, or being near power lines. Yes people buy these homes, but these homes generally sell for less. In the big picture you must think resale. When the market is competitive again, it will be hard to sell that house, versus houses that don't have nearby power lines.
0 votes Thank Flag Link Tue Jan 4, 2011
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