We’ve been paying attention to features in nearby areas that increase residential property values , but unfortunately there are constructs within a locale that can do the opposite, and decrease values instead.
In a country with vast cultural beliefs, widely-held superstitions hold a powerful sway over buyers. Here are a few structures that can be a major turn-off for buyers and as well show decrease in a property’s value.
Regardless of race or religion, many Malaysians view such grounds as inauspicious and accordingly, developers would rather lobby the government to move entire grave sites then build near it for fear that buyers will simply not buy. Even if a buyer has no qualms, the difficulty to resell or rent the property is a major point for contention.
A large number of buyers in Malaysia consider Feng Shui elements when evaluating a property, and as such, homes facing major traffic are taboo. In any case, houses that are relatively close to heavy traffic streams are a safety issue for families with young children, making these properties a less attractive proposition.
While cul-de-sacs are often viewed as safer neighborhood street design, being at the end of one means constantly having cars turn around in front of your house and getting used to headlights sweeping through your windows at all hours of the night. The same effect can devalue houses positioned at the end of T-intersections. Savvy house hunters will immediately see the potential for a not-so-quiet home life with these properties.
Being in a top-notch school district remains a top priority for many homebuyers for a range of reasons. Living near a low-performing school can drive down home values and limit the market to those buyers without school-aged children or those who can afford the added expense of a private education. A school where one teacher handles a class of 40 students with a slim graduation rate is usually an indicator of a deprived neighborhood.