One of the most important financial decisions a person will ever make is whether to buy a home. Making this choice calls for careful thought and balancing of several considerations, such as location, amenities, property value, and health hazards. Some homeowners might take into account buying a property close to electricity lines. However, this location has generated a lot of controversy over the years, with some studies suggesting that living near power lines can increase the risk of health problems.
Despite the debate, some homeowners are attracted by the accessibility and affordability of residing next to electricity lines. Let’s examine the benefits and drawbacks of purchasing a home close to electricity lines in the UK and provide you with the knowledge you need to make a wise choice. Our Estate agents in Cirencester are equipped with the best market knowledge to assist you in finding your dream home.
Pros:
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Affordability:
In general, homes next to electricity lines are less costly than those in other places. This is because consumers tend to shy away from purchasing homes close to electricity lines due to perceived health dangers and worries about the neighbourhood’s aesthetics.
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Electricity Availability:
Since the lines are often connected to the main grid, purchasing a home next to power lines means that you will have a dependable source of electricity. As a result, you won’t have to worry about your daily schedule being disrupted by frequent power outages.
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Location In Relation To Amenities:
Power lines are typically found in metropolitan areas, making the facilities like retail malls, schools, hospitals, and public transit easily accessible to homes that are close to them. For individuals who wish to be close to key services, it is a practical location.
Cons:
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Health Hazards:
The potential health risks of residing close to electrical lines are extensively debated. According to some research, long-term exposure to the electromagnetic radiation that power lines release may raise the risk of cancer, miscarriage, and other illnesses. However, there isn’t any concrete proof to back up these assertions.
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Property Worth:
Property values of homes next to electricity lines are often lower than those of homes in other places. This is due to the fact that many individuals are turned off by the alleged health concerns connected to living close to electrical lines. Future property sales can prove challenging as a result of this.
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Visual Appeal:
Power lines may be obtrusive and harm a location’s overall appearance. Some people may find it less appealing to reside in the neighbourhood as a result of this. Property value can be impacted by the view that is hindered by power line structures.
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Trouble Getting A Mortgage:
Some lenders are hesitant to offer loans to borrowers who want to purchase homes close to electricity lines. Because of the alleged health concerns linked with living close to electrical lines, they view it as a high-risk investment. In addition to limiting your alternatives while shopping for a home, this can make getting a mortgage more challenging.
If you are considering buying a home next to electricity lines, it is crucial to conduct research and consult with a certified expert to weigh the pros and cons of doing so. While making your choice, you need also take into account aspects like accessibility to amenities, cost, and property worth. Ultimately, it is up to the individual to decide whether the benefits of living near power lines outweigh the risks.