My Neighbor's Home is Hurting My Homes Value
We all know that one neighbor who won't, doesn't or can't keep up their home and it negatively impacts the value of all the other homes nearby. So, how do you deal with this situation?
First things first, you have to figure out whether it's a case of the home owner can't or won't. There are some great charitable groups like "Rebuilding Baltimore" and other similar organizations that help home owners in need take care of delayed maintenance issues.
Your neighbor may want to fix up their home but may lack the tools, the means, the know how necessary to fix what needs to be fixed. Consider offering to lend your neighbor tools or offer to help them with necessary repairs. It may be the beginning of a wonderful friendship.
If your neighborhood has an Home Owners Association there may well be bye laws, covenants or restrictions that dictate how homes in your neighborhood are kept up. If you don't have a relationship with your neighbor and/or can't build rapport with your neighbor then you may have to ask the HOA to step in.
Even if your neighborhood doesn't have an HOA, your county or town may have code enforcement that you can contact to see what guidelines are being abused and what needs to be done to address the problems in your neighbors yard.
Selling your home when you live next door to difficult neighbors can add even more stress to an already stressful situation. However, the results will be worth it. And, a skilled Realtor can help you identify and avoid similar issues in your new neighborhood.