How much does being on a main road reduce the value of a Farmington Hills home or any Metro Detroit home

 

How much does being on a main road reduce the value of a Farmington Hills home or any Metro Detroit home

 

 

 

 

 

 

 

It depend on many different aspects on how much being on a main road reduces the value of the Farmington Hills home or any Metro Detroit home.  Here are some of the vary degrees of being on a main road.

  • Is it a major 4 or 5 lane road?  Or is it a smaller 2 or 3 lane road?  Is it a freeway?
  • Is it a busy road with lots of traffic noise?
  • Is the road to the side of the house?  Are you the first house in the sub?
  • Is the back yard facing the road?  People with children don’t like that many times.
  • Is the road blocked by shrubbery or a wall.   A house with a “barrier” that blocks the view and gives the security of a solid barrier is best.  Homeowners like the security of feeling protected and having a wall or separation from the road.
  • Is the front of the house facing the road?
  • Is the road a gravel road with lots of dust?
  • Is there a hill between the road and the house?

To some people a road doesn’t bother them at all.  To others with kids it does.  One of the biggest things to remember is that a home on a road will be harder to sell in the future.  You have a smaller pool of buyers for Farmington Hills homebecause some people will not even look at a home on a main road.  Whether it is a Farmington Hills home or any other Metro Detroit home a road usually does reduce the value.

Oakland County homes for sale $600,000-$650,000

Previous 1-40 of 107 Next
Previous 1-40 of 107 Next

But should you buy a house on a main road?  Sure if you want the house and it fits your needs.  The cost reduction because of the road may get you into a home that you could not otherwise afford.  It may be the home that meets all of your wants.  So don’t let a road stop you from buying the Farmington Hills home.

So now the question is “How much lower should I bid because of the road?”  What makes it a good value now?  But my opinion a front facing home to a busy road can decrease the value of a home up to 10% from a similar home with similar amenities in a subdivision.

I hope this helps you.

 

16 years of experience and full time Russ Ravary

 

 

~~~       Search Metro Detroit area home listings       ~~~

Foreclosures in Milford Twp. Mi

Big Lake Springfield Twp MI

Cedar Island Lake, White Lake Michigan

Castle Gardens Subdivision Livonia MI

Voorheis Lake Orion Township MI

Lakefront Houses for sale in Brighton Michigan

Easter Egg Hunt 2016!!!

Russ Ravary your metro Detroit real estate agent

 

 

 

 

 

 

 

Posted in Buyer Tips, First time home buyers, Seller Tips Tagged with:

Search Homes

Untitled

 

The data relating to real estate for sale on this website comes in part from the IDX program of Realcomp. Real estate listings held by brokerage firms other than Keller Williams Realty Commerce Market Center are marked with the IDX logo and detailed information about them includes the name of the listing brokers.


All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Commerce Market Center shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.