Negative Impact on Home Values and Visual Appeal

Even though most towers will be “disguised” as trees, they most likely  will extend more than 30 feet above any other tree in that area. This would be visually unappealing and would likely have a negative impact on the resale value of the homes near the school.

Once the resale value on homes near the school goes down and potential buyers hear about the cell tower at the school, property values in all of the neighborthoods could drop.

Actual Reports on Property Value Decrease

The definitive work on this subject was done by Dr. Sandy Bond, who concluded that “media attention to the potential health hazards of [cellular phone towers and antennas] has spread concerns among the public, resulting in increased resistance” to sites near those towers.

Percentage decreases mentioned in the study range from 2 to 20%.

 

The Appraisal Institute is the largest global professional membership organization for appraisers with 91 chapters throughout the world. The Institute spotlighted the issue of cell towers and the fair market value of a home and educated its members that a cell tower should, in fact, cause a decrease in home value. (www.appraisalinstitute.org)

 

Click on the links to see the articles-

Yes, A Cell Tower Will Lower Property Values

Real Estate Devalued When Cell Towers Are Erected

 

 

Concern from Local Realtors

These are letters from local realtors who are concerned about the effect on property values:


February 28, 2014

 

BofE meeting – Statement on Property Values – Proximity of Cell Tower

 

As a former teacher, I understand each school’s need for money and I’ve paid my share for materials and supplies to enhance the curriculum. I also appreciate that we need to find more creative ways to raise money for the school system and remember the bake sales, car washes and gift wrap fundraisers all too well.

$25,000 is a substantial sum of money, but I’m afraid the risks outweigh the benefits.

 

As an active Realtor in Annapolis and Anne Arundel County, on the subject of aesthetics alone, buyers reject homes near unsightly transformers and electrical towers. Half the time I encounter these structures on the way to show a property, the buyer will not enter the home and the appointment is canceled. When the buyer does view the property, he or she states that it would only be considered at a drastic reduction in price.

 

I entered the real estate business in 2007 and literally watched the market dry up.  In addition to the millions of homes that have gone through foreclosure or were sold as short sales, many homeowners have not been able to maintain or renovate their homes due to tight budgets. Now, we are finally starting to recover from this bad dream, albeit, slowly.

 

The domino effect that would occur if a cell tower were installed at Annapolis Middle School would cause a devaluation in home prices, which in turn would lead to lower property taxes, which would lead the local and state governments to increase the tax base, which would result in less money in the homeowner’s pocket; again!

 

I’m all for business investing $25,000 in schools for companies need intelligent employees to make critical and sound decisions. However, installing a cell tower on school property doesn’t serve anyone’s best interest.

 

Respectfully,

Deborah Wade
Realtor/RE/MAX Executive

June 17, 2013

 

Dear Piney Orchard Community Association Board,

 

Good evening, I hope this finds you all doing well. I apologize that I am unable to be at your meeting to speak in person, however I felt it was important to share my experience and opinion when it comes to the construction of a cell tower at Piney Orchard Elementary School. 

 

As a local realtor, I can tell you that a community such as Piney Orchard is generally at the top of most homebuyers’ lists. As you are all surely aware, the market is making a recovery and will continue to do so for years to come. Strictly from a realtor’s perspective, having a cell tower constructed WILL DETER future homebuyers from purchasing properties in this community.

 

While I understand that there will be debates around the health risk, I am talking strictly about home values. My experience is that while a home in Piney Orchard may be at the top of a homebuyer’s list, that buyer will NOT make an offer on a home that has a cell tower nearby due to perceived health or safety risks and/or poor aesthetics. As a result, fewer homebuyers will want to buy homes here and the longer these homes sit on the market, the lower the values will be perceived in the community.

 

I welcome any future questions; Michelle Dean has all of my contact information. I wish you all the best of luck as you continue to fight for what is best for your community.

 

Rochelle M. Walker

Realtor, Keller Williams Realty

June 17th, 2013

 

To whom it may concern:

 

We have been in the business between the two of us (my wife and I) for 14 years. We now currently own a real estate company based in Bowie.

 

In our experience a large cell tower or power lines adversely affects the sale of a property. Generally, it will bring the price down and make it harder to sell the property.

 

We have shown multiple buyers homes over the years that otherwise would have been a great fit, but instead they walked away because of a tower or power lines. This is quite often a deal killer for buyers, as there is nothing they can do about it and they have read the many studies that talk about the possible health concerns they pose. People in this market cite such studies, and are convinced enough to not purchase property that would otherwise be perfect for them because of the location relative to towers and power lines. We have had clients that would not purchase homes within a certain mile radius to power lines and cell towers.

 

Piney Orchard goes to great lengths to have well-kept landscaping, utilities run under ground, and people buying in that community expect that quality of living. It would be a BIG shame to take the highly sought after Piney Orchard community and slap a cell tower there.

 

Although there are a lot of studies for both the cell phone carriers and from activists, the jury is still out scientifically on how much a cell tower does or does not affect cancer rates, among other things. I am not a doctor, but I wonder why you would want to risk putting it right at a school or next to residential communities when there is even the slightest chance that there could be negative health side effects.

 

I understand a need for cell towers, but the placement of this tower would negatively affect property values and health risks should be considered with utmost importance.

 

We recommend for the community that they do not place the tower at the school, rather an alternative placement mitigating the above risks should be considered.

 

Respectfully,

Brendan Spear

Realtor, Caprika Realty

How to Help

Join our email list to receive updates and community meeting notices.


You can also join our Facebook Group:

AACo ACTS

 

Please help us raise funds for our cause:

AACo ACTS Fundraising Page


SUPPORT OUR CAUSE:

AACo ACTS Fundraising Page

 

Important Upcoming Events:

 

Anne Arundel County Board of Education Meetings

They are usually on the 1st Wednesday of the month at 10 am and the 3rd Wednesday of the month at 7 pm. Both are held at the Administration Building- 2644 Riva Rd. in Annapolis. There are changes for the meetings during the month of February and September, so visit the website for the exact schedule.

 WEAR RED to all meetings and show your support for our group!


Visit our "How to Help" page for the email addresses of the Board. Please email them to express your opposition to a cell tower at your school!

 

 

We have two goals:

 

1.  Convince the AACo Board of Education to revoke the Master Lease Agreement with Milestone Communications (Verizon contractor).

 

2.  Provide resources and support to parents and community members who are opposed to the construction of cell phone towers at their schools and near their homes.

Print Print | Sitemap
© AACo ACTS