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How Do Bad Neighbors Affect Home Prices?

Have you ever moved because of a bad neighbor? Maybe the tenants above you like to tap dance late at night, or your next-door neighbors throw loud parties every weekend. What about the building resident that sets off the fire alarm every morning making breakfast? The great part about renting property is that, in these situations, it’s easy to pick up and leave. Unfortunately, if you purchase a home next to a bad neighbor, you’re in it for the long haul, especially if they own their property, too. Here are a few ways that a bad neighbor can influence the price of your home. Curb appeal If you don’t live in a neighborhood with an HOA, there’s probably no regulation on how your neighbors choose to decorate their home and lawn. And, while it sounds great to have no regulations, that also means your neighbor has a right to let their grass grow to an absurd height or let an old vehicle sit on the front yard for 20 years. This can actually lower the price of your home, and may also scare away