Tuesday, November 22, 2011

I am going to buy a house on a main road where is really busy all the time, please advise me disadvantages?

I recently found out that on a busy street that is heavily traveled you contend with getting lead dust in your home from car and truck exhaust. So, I suggest you invest in two air purifiers with carbon filters. Place one in your living and dining room area, and one near your bedrooms. Although we breave in toxins everyday, you don't need an abundance. This is the only disadvantage that I see.





The advantage of a heavily traveled street is the constant visiblity which reduces car thefts, and someone breaking into your home. If it is not well lit, install motion detector lights where needed.





With the heavy traffic someone is bound to see something, and the thief knows this and does not want to be seen either.I am going to buy a house on a main road where is really busy all the time, please advise me disadvantages?
One more thing to consider...





Over the past several years, lenders were not differentiating between homes located on busy streets and those not. So comparable properties used to establish value for homes on busy streets could be - and often were - from quieter parts of a neighborhood.





So what happened? Investors purchased homes in the less desirable area - on the busy street - and pulled equity out by getting appraisals comparing those homes to the quieter part of the neighborhood. But common sense tells you people pay more to live on an inner street. As the market slowed, those over-valued, over-leveraged homes flooded into foreclosure at a faster rate than homes located on quieter streets. (Drive through any neighborhood and you'll see empty houses not being cared for are almost always on the busier streets in the neighborhood. Not always, but more often than not.)





Lenders have corrected the practice that allowed this to happen. Appraisers must now select comparable properties that are on busy streets to establish value of homes on busy streets. It's not only harder to get loans, but you'll find the values are falling faster on these homes than on others.





Unless you're getting the bargain to end all bargains, stay away from the uncertain value of a home located on a busy street until home values fall back to earth.I am going to buy a house on a main road where is really busy all the time, please advise me disadvantages?
All of the above, plus resale could be bad. Walk away, IMO.
You can mitigate the noise with sound resistant windows. One advantage is crime is usually lower on a well-lit road. The real disadvantage is the danger to kids and pets.





I grew up on a very busy street in Chicago, and I made it! :D
Your prop value may be 10-25% less than other comparable homes on a non busy street.
You already said it...busy all the time. Will you be able to back out of your driveway to go to work? Were you planning to let the kids or the dog outside? And noise.
obviously street noise


backing out of your driveway can be tricky


police and ambulance sirens at all times of the day and night


not being able to let your kids out to ride bikes on sidewalks
Enjoy the constant sound of traffic and the inevitable sirens from fire trucks and cop cars and ambulances--not to mention the car crashes you can hear.


You will also need to be able to get in and out of your driveway--a circular one would help.


Got kids? Better have a fenced back yard and tell them they can ONLY go there, not in the front unless you are out there with them. Ditto any pets.


If they decide to expand lanes, you could have even less setback.


Probably more, but already I'm not interested.

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