Nick Perry explains why buying a home near a freeway costs you $20,000 to $50,000 compared to similar houses blocks away. Residents also face higher rates of respiratory problems from traffic pollution. If a price seems too good, check the freeway distance first.
Never ever buy a property near the freeway or else you will lose $20,000 to $50,000 within seconds of signing the deal and might struggle breathing later on. Here's how. Imagine owning a house near this. Every time you get out of the house or you go out to your backyard, all you hear is cars driving, hoots, and accidents. See, properties near freeways sell for 5 to 10% less than identical homes just a few blocks away. That's a $20,000 to $50,000 loss on a $400,000 house before you even move in. Studies even show that people living near freeways have higher rates of respiratory issues from the air near freeways. So not only does living there hurt your wallet, but it also hurts your ears and lungs too. So if you're looking at a property and the price seems too good to be true, check how close it is to the freeway, because you should.
