Newmilford, Home Seller in New Milford, CT

Any opinions on the impact of the finally finished Route 7 extension in New Milford on real estate prices on southern New Milford?

Asked by Newmilford, New Milford, CT Sun Dec 6, 2009

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It is a proven fact throughout the US that whenever Interstates or Highways are increased in size that they soon (meaning within 5 yrs) become full of traffic again. With this in mind the extension of Rte 7 should eventually have an effect on the value of Real Estate in NM. It just won't happen over night. I beleive that NM is a great town to buy a home at the present time. I always suggest NM to my buyers since I think they will get the most return on their investment if they are willing to wait a while.
0 votes Thank Flag Link Mon Dec 7, 2009
I do not believe that currently this will make a difference. Perhaps it may later on, but that crystal ball has not been made yet.
0 votes Thank Flag Link Mon Dec 7, 2009
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