San Francisco, CA · Member since 2018 · 10 posts · 0 votes
I'm looking to buy a rental property and there is one house which numbers seem to add up for my scenario except for one thing: there are high voltage power lines running through the lot (more on the backyard and less on the house). At first, I didn't notice that since the lines are really high up. However, there is a huge tower 3 blocks away that could be seen anywhere in the neighborhood.
It's a cookie cutter neighborhood so many houses nearby do have the same situation.
I read that besides being a fire hazard, the magnetic field might cause health issue therefore affects price appreciation. Should I walk away from this house? Everything else was perfect.
Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
8y
That’s a tough one . Have you spoke with the neighbors and see if it has been an issue over the years with them or any family members ?have you checked comps on close homes that sold ? I would atleast hope your getting a hefty discount off the potential value compared to say a similar house on the other side of town