SFH on A Busy Road
Hey there! I'm looking for advice on purchasing a home on a busy road. Obviously there are some drawbacks to this but how much does it really affect the resale value, rents, etc.? I'd be rehabbing the house quit a bit so I can add features that help mitigate some of the downsides like impact windows and prioritizing the alley access entrance. Thanks for the advice in advance!
Most Popular Reply
Busy roads usually mean a smaller buyer pool, longer days on market, and resale values often 5 to 15 percent lower than comparable homes on quieter streets. Rents are affected less than resale.
However, the upside is you typically buy at a discount. If the numbers still work assuming a modest resale penalty and you add smart mitigation like you mentioned, you can reduce the downside.
- Denise Supplee
