lorhutton:
No, I don't know if developers considered the proximate tower when pricing their properties where you are located. In my market it depends. When the properties are valued as entry level housing, towers have little impact on values. However, when the impacted property is valued above the average price, towers can have a huge impact on value. Let's put it another way. When the buyer is looking for shelter, the impact is minimal. When the buyer is making a lifestyle buying decision, view is much more important. In these cases, towers can have a negative impact on value, time on market, and market appeal. Most buyers when given a choice between two similar houses, they will choose the one without tower proximity.
This morning I read a letter to the editor in the News & Observer, a Raleigh, NC paper. The writer was complaining about the Wake County Board of Adjustment granting a permit for a 160' tower located in a residential neighborhood. The writer went on to say that they were now looking for another house, and that they wanted to move from their old location because of the new tower. Seems like the new tower sure did influence that homeowner.
Good luck. Write if I can help any further.
Regards,
Shannon Julian
Chapel Hill, NC
No, I don't know if developers considered the proximate tower when pricing their properties where you are located. In my market it depends. When the properties are valued as entry level housing, towers have little impact on values. However, when the impacted property is valued above the average price, towers can have a huge impact on value. Let's put it another way. When the buyer is looking for shelter, the impact is minimal. When the buyer is making a lifestyle buying decision, view is much more important. In these cases, towers can have a negative impact on value, time on market, and market appeal. Most buyers when given a choice between two similar houses, they will choose the one without tower proximity.
This morning I read a letter to the editor in the News & Observer, a Raleigh, NC paper. The writer was complaining about the Wake County Board of Adjustment granting a permit for a 160' tower located in a residential neighborhood. The writer went on to say that they were now looking for another house, and that they wanted to move from their old location because of the new tower. Seems like the new tower sure did influence that homeowner.
Good luck. Write if I can help any further.
Regards,
Shannon Julian
Chapel Hill, NC
I am very pleased to announce that we won. The cell company (Sprint) withdrew their application for the tower yesterday. We were to have another meeting last night; however, late yesterday afternoon, Sprints attorney contacted the attorney of the owners of the B&B that would have a direct view of the tower, and informed them that they were withdrawing the application. We think that the fact that both the Appraiser and Site Locator admitted that they failed to discover that the property directly across the road from the proposed site is a B&B (fully registered as such with the township, county and state...heavily advertised...with a sign out front) did nothing for the credibility of the other facts that they were "expertly" testifying about.