The purchase or sale of a house is often one of the most important transactions in life. When it comes to estimating the value of a house, factors such as location, size, property status and available equipment are often the first to mention. However, a often underestimated but crucial element is the influence of neighbors. Its neighbors can directly or indirectly have a significant impact on the value of their property.
That is why matters so much, backed by facts and data.
1. The impact of the appearance of the neighborhood
The general appearance of a district is one of the first aspects that potential buyers take into account. If your neighbors have maintained their properties, this can damage the general aesthetics of the area and, therefore, depreciate the value of your home.
According to a study cited by Zillow and verified in their 2023 reports, the houses located in clean and well maintained districts are sold on average 15 % to 20 % more expensive than those in degraded areas, according to regional trends. The badly maintained gardens, visible debris or houses in poor condition in their neighborhood can give a negligence impression, even if their home is impeccable. A study by the National Association of Real Estate Agents has confirmed that these factors can reduce the value of real estate from 10 to 15 %, emphasizing the importance of a well maintained neighborhood.
In addition, certain municipal programs, such as those observed in San Diego, have shown that investing in the ornament of common areas can increase the value of real estate through 10 to 20 % Within a radius of one kilometer.
2. The role of crime in the neighborhood
A safe neighborhood is essential to attract buyers. A study by Trulia has shown that houses located in areas with a low crime rate can be worth up to 25 % more than those in areas where crime is high.
The neighbors play a key role here: an active and committed neighborhood tends to discourage criminal behavior. For example, initiatives such as neighborhood surveillance committees have reduced the theft and theft of 26 % on averageAccording to the United States Department of Justice. These collective efforts increase not only security, but also strengthen the general attraction of the area.
3. Noise and olfactory discomfort
The discomfort caused by neighbors can also influence the perception and value of their home. A perfect house will lose its appeal if the neighbors regularly organize noisy parties or if unpleasant smells come from their property.
The requirements of real estate experts, in particular of the National Institute of Residential Property and confirmed by recent sector studies, indicate that Noise pollution can reduce the value of houses from 5 to 10 %depending on the level and frequency of disturbances.
In addition, odors of activities such as unregulated farms or wild landfills can keep buyers remote and reduce the potential price for sale in a drastic way.
4. Social interactions and community cohesion
A united and friendly neighborhood can increase the perceived value of a house. According to a study by Harvard UniversityBuyers are ready to pay up to 15 % more for a house located in a community where neighbors interact and organize events regularly.
For example, initiatives such as neighborhood meals or local markets strengthen the feeling of belonging and improve the attractiveness of the area. The emotional and social value associated with such environments is a real asset during sale.
5. The role of local schools and infrastructure
If your neighbors are families with children and their neighborhood is associated with quality schools, this can have a considerable impact on the value of the properties. According to the Redfin real estate site, 2023 reports confirm that houses near well -qualified schools can be worth even 25 % to 30 % moreAccording to local regions and local educational standards, which makes these areas very attractive to families.
The proximity of infrastructure such as parks, libraries or leisure centers, often influenced by the actions of neighbors and neighborhood associations, strengthens the attraction of the region. An active district in the creation and maintenance of these resources generally sees a significant increase in real estate prices.
6. Examples of successful community projects
The specific examples illustrate the impact of the neighbors on the value of the properties. Take the case of the city of Austin, Texas, where the inhabitants of a district collected funds to transform the abandoned land into a community park. In three years, the value of nearby houses has increased in 12 % on average.
In France, the “Voisins de Solidese” program has allowed certain districts to strengthen its attractiveness through common initiatives such as the organization of workshops or the implementation of tool exchange systems. These actions not only increase the quality of life, but also the positive perception of potential buyers.
Conclusion: Monitor and Act
In summary, their neighbors influence the value of their home far beyond appearances. Whether through cleaning, security improvement, reduction in discomfort or community commitment, their actions have a direct effect on the attractiveness of their property.
If you plan to sell your home, invest time in collective initiatives or encourage your neighbors to maintain your properties you can make a big difference. At the same time, if you plan to buy, you never underestimate the importance of the neighborhood in your decision. Because, after all, his house is not only an isolated building, but an integral part of his surroundings.
