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Affect Of Resale Value Next To Commercial Property


jt71

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Hi,

I am a first time home buyer and I found a house I am interested in. However, it backs up to a small street w/ commercial property on it (a Fiesta). Will this affect the resale value a lot? Thanks for any advice.

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Houses that back up to commercial typically sell for less. Besides that, you want to make sure of a few other issues. Do they have dumpsters behind the stores that will provide a special fragrance for your backyard? What time of day are they emptied? Will you be awoken every day at 5:00 AM by the big trucks picking them up ? Do they have big glaring lights that will shine into your windows all night?

If these situations do not exist, sometimes buying homes that back up to commercial allows you to get into a better neighborhood that you would not otherwise be able to afford. Just remember at resale time, bargain price in, bargain price out.

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