ReCasa Financial Blog

Hopefully, you have neighbors who take care of their real estate property, but if you don’t, what does that mean for your real estate property?

While many things can affect property value, the state of your neighboring properties may not be one that easily comes to mind. If a yard is overgrown, a house has unusual exterior colors, peeling paint, broken or boarded windows, signs of hoarding, or visible trash and junk, the property is likely harming the value of your own property. According to the Appraisal Institute, an unkept nearby property can lower a home’s value by 5-10%. 

While reporting the property to the HOA, or addressing concerns with the property owner, are the most direct ways to deal with this problem, there may be additional options depending on where the property is located. Some local municipalities will respond to complaints, by investigating and addressing violations of code with the property owner.

While these type of neighbors aren’t the norm, as real estate investors, it is something that should be considered before buying a property. After completing the renovations to the property, your buying pool could be smaller if your beautifully renovated home is surrounded by an eye sore.



Have you ever dealt with hard neighbors? If so, how did you deal with them?