Overhead Lines Have Little Impact on Property Values: The Appraisal Journal
September 21, 2017 08:00 AM
CHICAGO (Sept. 21, 2017) – Despite negative public perception, high-voltage overhead transmission lines have little impact on nearby property values, according to an article published this week in The Appraisal Journal.
The Appraisal Journal is the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. The materials presented in the publication represent the opinions and views of the authors and not necessarily those of the Appraisal Institute.
“The Effect of High-Voltage Overhead Transmission Lines on Property Values: A Review of the Literature Since 2010,” by Orell C. Anderson, MAI, Jack Williamson, Ph.D., and Alexander Wohl, discusses articles written since 2010 regarding the impact of high-voltage overhead transmission lines on property values. The article finds little data to prove sale prices are negatively impacted by the existence of nearby transmission lines, despite studies showing respondents are generally opposed to the lines’ presence. The article reviews studies in the United States, Europe and New Zealand.
Read “The Effect of High-Voltage Overhead Transmission Lines on Property Values: A Review of the Literature Since 2010” in the Summer 2017 issue of The Appraisal Journal.
Also in The Appraisal Journal’s Summer 2017 issue:
“Valuation of Casinos: Risky Business,” by David C. Lennhoff, MAI, SRA, AI-GRS, and David J. Brooks, examines the challenges of valuing real property being used as a casino and provides concepts, principles and methods for solving the problem.
“Regression, Critical Thinking, and the Valuation Problem Today,” by George Dell, MAI, SRA, addresses the need for changes in traditional data selection methods and outlines opportunities for valuation professionals to utilize recent breakthroughs in analytics software.
“The Role of Incentives in Green Building Valuation,” by Timothy P. Runde, MAI, and Stacey L. Thoyre., discusses the influence of rebates, financing and tax incentives that reduce the cost disparity between conventional and green commercial buildings and underscores the importance of considering these incentives in the valuation process.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 19,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.