One of the benefits of living in a rural area/area without HOA is that you can do many things that you wouldn’t be allowed to elsewhere.
One of the dangers is that your neighbors can do the same.
Is there any data/studies that proves that derelict properties actually drag down adjacent property values? My own anecdata and property valuation suggest otherwise, but I hear the property value line often enough that I would like to know if it’s true.
One of the benefits of living in a rural area/area without HOA is that you can do many things that you wouldn’t be allowed to elsewhere.
One of the dangers is that your neighbors can do the same.
Is there any data/studies that proves that derelict properties actually drag down adjacent property values? My own anecdata and property valuation suggest otherwise, but I hear the property value line often enough that I would like to know if it’s true.