Monthly Archives: December 2015

Mobile towers reducing home value

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Increasingly people in posh areas of cities and towns throughout the world are finding that the presence of mobile towers in the close proximity of their home has adversely affected their health. People find that the mobile towers are causing a variety of health problems like headache, body ache, memory loss, insomnia, disorientation, eyesight related problems
Though there are some radiation shielding equipment like curtains available the effectiveness remains limited, especially when radiation fields are high.
So in some areas, people are objecting to the installation of mobile towers near their homes, or are forced to relocate

Drainage system and home value

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In tropical areas and in areas with heavy rainfall, snowfall the value of the home depends to a great extent on how good the drainage system will be. This is particularly important in low lying areas which are flooded due to heavy rains or when the snow will melt. Cleaning up a house which is flooded can be a major challenge for a home owner because in addition to the dirt and grime caused by the flooding, expensive furniture, appliances, document, home decor and home furnishing could get damaged.
Replacing or repairing the water damage can be expensive for a home owner of limited means. It can be difficult to reach home or office if living in a low lying area which is flooded in the monsoons, especially in neck deep water. So while purchasing or renting a home, it is important to check the topography of the home, whether it will be flooded during the monsoons and adverse weather conditions.
Homes which are regularly flooded during the monsoons are usually priced lower taking into account the water damage during monsoons or winter.

Home evaluation services customers

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The clientele for home evaluation services includes real estate firms, companies and banks, financial institutions offering home loans. While often real estate firms or realtors include home evaluation services as part of the many services they provide, having developed their expertise over a period of time, at times they may outsource home evaluation services, especially if they are selling or purchasing a home in a new area.
Other major clients of home evaluation services are firms which offer home loans to home buyers. Usually the home will be collateral for the loan and the home loan value will be typically 80% of the value of the home. As the home owner may inflate the value of his or her home, most of the lenders will prefer to use an independent third party home evaluation service provider to assess the value of the home accurately. In case the home owner does not repay the home loan, the lender may seize the home and auction it off to recover the amount lent to the borrower.