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.
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.
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.
Serving Maryland, Virginia and District of Columbia
* 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.
Web Reference: http://www.debbierosesells.com