I have many clients who love having the greenbelt behind them that the voltage wires allow. You will notice that someone lives in every house along this greenbelt as well as all the others in Dallas. Only you can decide if you like the house and the location well enough to get over it.
Mary Beth Harrison
The Harrison Group
Keller Williams Realty
In any event, a home close to power lines will cost less to buy, but will also fetch less when sold. Some buyers may not mid th lines at all and be thrilled by the discount, knowing that they will have to discount when they do sell.
My most memorable personal experience in selling such a home came at the bottom of the housing crisis a couple of years ago. A beautiful Drees home in north Plano, which I am sure would have otherwise gone for $350,000 was finally sold after a lengthy listing for $300,000. I don't believe the discount would be as steep in 2010. The house was immediately adjacent to a greenway with huge power poles.
These homes typically take longer to sell, and in my experience, have had to put through multiple price reductions. Sometimes, the builders would have put up spec homes in these locations, with nicer amenities thrown in. So, I have a hard time accepting a hard-and-fast percentage for pricing these homes. You still have to view each one at face value, keeping in mind that this objection is real, and will impact time on market.
There are plenty of houses in DFW, why settle for one that has any noticeable stigma to overcome when you try to sell it?
Find a house that you don't have to justify buying.
Still, if the power lines don't bother you and you're getting a good deal (based on comps for similar homes--especially those backing up to power lines) and you plan on living there for maybe 6 or more years, go for it. If other homes in the area appreciate, yours will too. And while your price might be 15% lower when you sell, you'll have bought for 15%+ so that should be a wash. Just remember that not as many folks will be interested in such a property, so it could take longer to sell.
Hope that helps.
Unless you plan on living there for the rest of your life you are looking at a resale with some very strong objections built in. It is likely to take a lot longer to sell and always sell for less. Many people looking at those electric wires out back will leave before looking through the house.
That could easily lead to a lot longer selling time than you would like and maybe only one or two interested buyers then.
It's probably more of the value to you...and what you value.
Your buyers agent can comp the location, no one can render an opinion unless entire review takes place.
Many factors come into play determine true value of a home