I have been asked this questions many times and I do not have an exact answer. Research has shown that 1)The biggest disadvantage of owning a home near these high voltage transmission lines is the “fear factor” associated with Electric and Magnetic Fields (EMF’s). 2) Houses values are about 5-10% below comparable property and the property stays on the market about 62 days longer!
Related to land, I believe the impacts can be much worse. To begin with, one should assess how much of the property is impacted by the powerline or transmission line i.e. if 50% of the property is covered by the powerline, the value would be affected more drastically then a powerline that barely nips the corner. Because property is generally purchased for aesthetic purposes, powerlines can be a real eye sore.
If the property is being purchased for commercial purposes, the powerline might not be a factor. I have seen powerlines across recreational property that made some pretty nice food plots and shooting lanes !!
For Information on Buying or Selling Land contact G. Kent Morris, ALC, RF at (706) 457-0090
For Information on Buying or Selling Land contact G. Kent Morris, ALC, RF at (706) 457-0090
I read some more research that indicated value diminution as high as 14% !
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