In the resale market there is a price hit on homes that back to busy streets (anything in bold on TV map) homes close to the power lines and homes near the sewage treatment plants. Runs from 2% to 15% lower then other like homes depending on the proximity to these items. The ironic part is TV charges a premium for those lots backing to a street. As always with real estate it is all about location, location, location.
The other one is backing to "farm land". Sure looks good when buying, but you never know when the bulldozers will arrive and the mall starts to be built. When buying, know what is around you and figure out if it could change. I remember when Baily Trail was a very quiet street, before St Charles was open, however TV map showed it in bold, so you knew that would change. And boy has it. Those homes that back to Baily Trail are selling at a price below what they were bought at by a pretty high margin. And they were bought at the market bottom.
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Life is to short to drink cheap wine.
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