Talk of The Villages Florida - View Single Post - Live in the Center of The Villages?
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Old 01-09-2011, 11:08 AM
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I personally would not buy on the edge of TV. And I would not buy on a busy street, near the train tracks or where I can see the power line towers or near a sewage treatment plant. Every one of those impact property value or have the potential to impact property value. While having a nice farm view is great today, tomorrow it might be a shopping mall or a drag strip or a strip club or a drive in restaurant open 24 hours. I guess anything could change in the future, but the more control over that change and the limitations to it, the better off you will be from a value perspective. I have tracked resale values for 4 years now and all those things impact sale price in a negative way. Especially the power lines. House for house there is a significant sale price impact on those homes that abut the power lines. Even a few rows of homes away there is still an impact. I know someone will identify the exception and someone else will buy there because it is doubtful it will change, but believe me when looking at many homes sold close to them the impact stands out.
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