Neighbors’ Effect on Appraisals

You may be able to ignore the knee-high grass in your neighbor’s yard, but a home appraiser won’t.

When calculating the value of a property, an appraiser also factors in surrounding conditions. Neighborhood nuisances like an overgrown yard or a persistent odor could in some cases bring down the value of adjacent homes by 5 to 10 percent, said Richard L. Borges II, the president of the Appraisal Institute.

 

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