Saturday, September 16, 2017

Documentation on Property Value Drop When Cellular Antennas Built Near Homes


Information is from Environmental Health Trust

Research indicates that over 90% of home buyers and renters are less interested in properties near cell towers and would pay less for a property in close vicinity to cellular antennas. 

Documentation of a price drop up to 20% is found in multiple surveys and published articles as listed below. As an example, the US Department of Housing and Urban Development (HUD) considers cell towers as “Hazards and Nuisances.”
Most people in the United States are unaware that once a tower is built, it can go up to 20 feet higherwith no public process due to the passing of Section 6409(a) of the Middle Class Tax Relief and Job Creation Act of 2012. In other words, a 100 foot tower can be increased to 120 feet after it is constructed and the community will have no input. Communities are largely unaware of this law.
Scroll down this page for resources on property de-valuation. Read the peer reviewed published science at this link.  
Cell Tower Antennas Problematic for Buyers” published in  REALTOR® Magazine: 
  • An overwhelming 94 percent of home buyers and renters surveyed by the National Institute for Science, Law & Public Policy (NISLAPP) say they are less interested and would pay less for a property located near a cell tower or antenna. 
  • The NISLAPP survey echoes the findings of a study by Sandy Bond of the New Zealand Property Institute and past president of the Pacific Rim Real Estate Society (PRRES). “The Impact of Cell Phone Towers on House Prices in Residential Neighborhoods,” which was published in The Appraisal Journal in 2006, found that buyers would pay as much as 20 percent less for a property near a cell tower or antenna.
  • Read Cell Tower Antennas Problematic for Buyers

2014 Survey  by the National Institute for Science, Law and Public Policy (NISLAPP) in Washington, D.C.“Neighborhood Cell Towers & Antennas—Do They Impact a Property’s Desirability?”
  • Home buyers and renters are less interested in properties located near cell towers and antennas, as well as in properties where a cell tower or group of antennas are placed on top of or attached to a building.  94% said a nearby cell tower or group of antennas would negatively impact interest in a property or the price they would be willing to pay for it. 
  • Read the  Press Release: Survey by the National Institute for Science, Law & Public Policy
RESEARCH STUDIES
Sandy Bond, Ph.D., Ko-Kang Wang, “The Impact of Cell Phone Towers on House Prices in Residential Neighborhoods,” The Appraisal Journal, Summer 2005; Source: Goliath business content website.
  • “Overall, respondents would pay from 10%–19% less to over 20% less for a property if it were in close proximity to a CPBS.” 
Cellular Phone Towers: Perceived impact on residents and property values” University of Auckland, paper presented at the Ninth Pacific-Rim Real Estate Society Conference, Brisbane, Australia, January 19-22, 2003;  Source: Pacific Rim Real Estate Society website,



The US Department of Housing and Urban Development (HUD) considers cell towers as “Hazards and Nuisances.” 
  • HUD requires its certified appraisers to take the presence of nearby cell towers into consideration when determining the value of a single family residential property. 
  • HUD guidelines categorize cell towers with “hazards and nuisances.” HUD  prohibits FHA underwriting of mortgages for homes that are within the engineered fall zone of a cell tower. 
  • “The appraiser must indicate whether the dwelling or related property improvements is located within the easement serving a high-voltage transmission line, radio/TV transmission tower, cell phone tower, microwave relay dish or tower, or satellite dish (radio, TV cable, etc).” 
  • Read it here at the US Department of Housing and Urban Development. 

  • With regard to the new FHA originations, the guide provides that:  “The appraiser must indicate whether the dwelling or related property improvements are located within the easement serving a high-voltage transmission line, radio/TV transmission tower, cell phone tower, microwave relay dish or tower, or satellite dish (radio, TV cable, etc).”
NEWS ARTICLES
“If they have the opportunity to buy another home, they do.”
She said cell antennas and towers near homes affected property values, adding, “You can see a buyer’s dismay over the sight of a cell tower near a home just by their expression, even if they don’t say anything.”

“ Property dealers across the city say that buildings which host mobile phone towers have 10-20 % less market value. 
“Forget buying these properties , people don’t want to take them on rent even, particularly when they have a choice. If a person is going to invest crores, why would he buy a property with a tower?” asks Pal. According to LK Thakkar, a Defence Colony-based property dealer, while the cost of the building which has the tower is relatively less, other buildings in the vicinity also get affected. “No one wants to buy a house within 100 metres of the building which has the tower. The rates for such properties drop by 10-20 %, and sometimes even more,” said Thakkar, co-owner of A-One Associates .

Once Built, Towers Could Be Allowed To Go 20 Feet  Taller  

Middle Class Tax Relief And Job Creation Act Of 2012, Sec. 6409(A)

The Federal Communications Commission (FCC) has proposed and is currently considering rules to clarify and implement the requirements of Section 6409(a) of the Middle Class Tax Relief and Job Creation Act of 2012. Under section 6409(a), “a State or local government may not deny, and shall approve, any eligible facilities request for a modification of an existing wireless tower or base station that does not substantially change the physical dimensions of such tower or base station.”  The FCC considers eligible facilities’ requests to include requests for carrier co-locations and for replacing existing antennas and ground equipment with larger antennas/equipment or more antennas/equipment.
The FCC has proposed, as part of these rules, applying a four-pronged test, which could lead to cell towers increasing in height by 20-plus feet beyond their approved construction heights.
Applying the test may also lead increases in the sizes of compounds, equipment cabinets and shelters, and hazardous materials used for back-up power supplies, beyond what was originally approved.
Under this test, a “substantial increase in the size of the tower” occurs if:
1) [t]he mounting of the proposed antenna on the tower would increase the existing height of the tower by more than 10%, or by the height of one additional antenna array with separation from the nearest existing antenna not to exceed twenty feet, whichever is greater, except that the mounting of the proposed antenna may exceed the size limits set forth in this paragraph if necessary to avoid interference with existing antennas; or
2) [t]he mounting of the proposed antenna would involve the installation of more than the standard number of new equipment cabinets for the technology involved, not to exceed four, or more than one new equipment shelter; or
3) [t]he mounting of the proposed antenna would involve adding an appurtenance to the body of the tower that would protrude from the edge of the tower more than twenty feet, or more than the width of the tower structure at the level of the appurtenance, whichever is greater, except that the mounting of the proposed antenna may exceed the size limits set forth in this paragraph if necessary to shelter the antenna from inclement weather or to connect the antenna to the tower via cable; or
4) [t]he mounting of the proposed antenna would involve excavation outside the current tower site, defined as the current boundaries of the leased or owned property surrounding the tower and any access or utility easements currently related to the site.



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