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In My Neighborhood in Almaden : Real Estate Advice

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  • Home Buying20
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Activity 2
Fri May 24, 2013
charles butterfield answered:
Thank you, Ranganath for your question:

I understand your question to be if there are problems living under electric power lines.

There have been claims that the electric field surrounding power lines can be harmful, however it appears that the electric fields surrounding power lines are not harmful.

However power lines do have a negative effect on the fair market value of a property, because many people do not want to buy homes near power lines.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yajoo.com
DRE#00901872
.
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Sun Jul 24, 2016
Dan Chase answered:
That is the wrong question. The real question is what impact do those have.

many people believe (right or wrong) that the high power lines cause cancer or other health risks. They find the lines to be an ugly eyesore. Many people refuse to buy a house near those lines. They see them and never bother to look at the house. They just do a u-turn in the driveway and leave.

It will lower both resale value and how many people would consider buying that house. It could translate into a long time trying to sell later on.

Some people even claim that electrical appliances have shorter lives near those wires.

Safe or not, true or not does not matter. Perception drives the market. It is better to find a property without built in objections if you ever want to sell it later. Cell phone towers, high power lines, cemeteries, railroad tracks, busy roads, near highways are all problems a house can have. Corner lots are also less desirable and price lower.
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