Neighbors And Property Value

Neighbors can be annoying and intrusive, but the question remains: can they affect the value of your property? This is a difficult question to answer and it can depend on a number of factors.

The first thing that you must think about is that every prospective buyer is looking to theoretically move into the house of his or her dreams. If your neighborhood is full of houses that are pretty and well kept then the prospective buyer will be more than happy with the location.

If on the other hand the houses around you, your neighbors houses, are untidy, cluttered and the area is know for drug dealing or violence, then these may affect the buyers perception of your house and the area, which may lead to a lower house value or offer that does not meet your own estimation.

You cannot specifically say that your neighbors home will reduce the actual value of your property, but a cluttered landscape next door can detract from the positive aspects of your home, which is, in theory, how the value of your property can decrease.

Turn To The Law

If you feel that your neighbors' property may adversely affect your own property value (there is no problem if it positively affects your house valuation) then you may be tempted to look at your local laws, which should be on file at the public library, county law library or City Hall.

There are various laws and buy laws that you may discover that can help you reduce the untidy appearance of your neighbor's property and therefore safeguard the valuation of your own property.

A typical "junk vehicle" order, as an example, requires any disabled car to either be enclosed or placed behind a fence. This is just one law that could be implemented against your neighbor if needs be. Also if your neighbor always parks their care in front of your drive then also look at your city code, as most cities prohibit parking any vehicle on a city street too long.

if you feel that a neighbors repair work produces loud noises, and deduce that this may affect the value of your property, then find out if he or she is breaking local noise-control ordinances. The police department enforces these decrees and they can stop them from carrying out noisy activities if necessary.

However, before bringing in any laws or authorities, you may want to make a copy of any laws and give it to your neighbor, so that they can have a chance to correct the problem and avoid any 'bad-blood' between the two of you.