Do Apartment Buildings Affect the Property Values of Nearby Homes?

The most common multifamily housing is apartment buildings. Multifamily housing is a building designed to house several different families.  The entire building is owned by an individual, company, or individual who has purchased units. Some also think that apartment projects reduce the value of surrounding property, while others don’t. Knowledge of the impact of multifamily housing on surrounding property values is limited, hence the two contrasting opinions.

Real estate value concerns are set off by schemes to build low-cost apartments. In one study, the average cost of single-family residential homes was actually highest in communities with apartments in comparison with neighborhoods with only single-family homes. Being aware of the variables that influence the home value is important for both buyers (including investors) and sellers alike.

Source: https://scottandlisahomes.com/do-apartment-buildings-affect-the-property-values-of-nearby-homes/

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