Photo: Mackinaw City Michigan
Mitchell Advocate
I wish to share with you information I have found regarding wind turbines and their effect on property values. When contacting Veresen Inc (St Columban's proponents) with this concern they stated that they didn't EXPECT any effect on my property value and proceeded to send me a study that was supposed to reassure me.
Upon further investigation the study merely dealt with farmland (it doesn't take an expert to know that it has gone up everywhere in the last several years). It made no mention of rural residential property.
I received a property appraisal by a licensed realtor in the area since I was cautioned that if I waited until after the project's completion, value loss could not be attributed solely to the project itself.
Link to original to continue reading
2 comments:
Honest real estate dealers will warn potential buyers about where the turbines are proposed.
Buyer beware since a home is your main nest egg and the developers, their community organizers and their local voter for wind and citizen for fair government agents might tell you there is no value impact at all or lifestyle impacts on your home by turbines. One voter for wind stood in front of the town board Economic committee and refuted every word of their study and said "we did a study of our own". It was nothing more than the wind developer line.
The AWEA Blog has a post debunking the “Whoppers” told by the ANTI-Wind.
Regarding land values, there have been five major studies covering over 40,000 property transactions near wind turbines for periods before, during and after wind farm installation. The most credible two were by the UK Royal Institute of Chartered Surveyors and the US Lawrence Berkeley National Laboratories. Four of the five studies found no negative impacts of wind turbines on property values.Two of the studies found positive impacts on areas after wind turbines went in, which is logical as they bring with them jobs, additional tax revenue hence increased amenities and a distinctive feature for the region compared to other regions.
Where are the land speculators? Why aren't homes in Cape Vincent selling like “hotcakes”?
One would think that there would be a frenzy to cash in on the promised prosperity and glorious financial opportunities, afforded to communities that host wind projects.
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