Is a Neighbor Hurting your Home’s Value?

Next-door nuisances could reduce your home value by 5 percent or more, according to the Appraisal Institute, which spells trouble for the 60 percent of Americans who say they have an issue with a neighbor in a recent survey by Harris Interactive and State Farm Insurance.

A recent survey by Harris Interactive and State Farm Insurance found that 60% of Americans have a pet peeve with someone who lives nearby.

A bad neighbor “can make your life a total nightmare,” says Bob Borzotta, managing editor of NeighborsFromHell.com, whose message boards contain more than 42,700 posts on unfriendly neighbor behavior.

At the extreme, certain next-door nuisances — such as annoying pets, unkempt yards, foul odors, and dangerous trees — could reduce your home value by 5% or more, according to the Appraisal Institute.

Source: http://money.cnn.com/2013/07/01/news/home-value.moneymag/index.html