Buying House Near Airport And Its Benefits And Negatives
December 15, 2019 - 3 min read
This BLOG On Buying House Near Airport And Its Benefits And Negatives Was PUBLISHED On December 15th, 2019
The verdict with Buying House Near Airport depends on the home buyer.
- Frequent flyers who often travel due to work often find benefits in living close to an airport
- Others find buying house near airport a negative due to noise pollution in being under flight paths of airplanes
In this blog, we will discuss the benefits and negative with buying
Considerations In Buying House Near Airport
We have covered blogs in buying
- Buying
house nearairport does not devalue a home like buying a home next to railroad tracks unless the home is right next to the runways and/or right below the flight path - Many homeowners like being near and/or close to an airport due to being frequent flyers
- Many home buyers will request their realtor to look for homes near short travel distance to an airport
- Being near an airport is often an advantage for folks who travel often due to the time it takes to get to and from their destinations
- Many cities like Chicago have mass transit access near airports
- Many homeowners who live in Chicago is close to O’Hare International Airport
Negatives With Buying House Near Airport
Homes near airports that is not under the direct flight path of airplane adds value to homes. However, if the property is directly under the airplane’s flight path, potential home buyers should research on how low the airplanes are flying during peak flight times and during night times when you are sleeping. Newer homes may have great insulation and soundproofing. However, older homes may experience rumbles and/or loud noise. If the home is a newer home with great insulation and soundproofing, the value is not going to be affected much. However, it may affect resale value and appreciation value if the sound barrier is loud. It all depends on the home buyer. Some folks do not mind airplane noise. Others cannot stand it. 2
Will Airport Expand?
Often times airports expand by adding more runways. Many businesses like being located near airports. Often times, being located near airports may mean lower property taxes and higher property value. Many corporations like to develop their business close to airports. Hotels, restaurants, shopping centers, warehouses, office complexes are often developed near airports. This means lower property taxes on residential properties since municipalities generate substantial taxes from businesses and commercial property. In general, buying
One comment
I like that you mentioned buying a residential property for sale near an airport can give lower property taxes on residential property. I’ve been wanting to love somewhere that is cheaper on taxes to have more money for myself. Maybe I should talk to a real estate agent and see what properties are available. Great informative video.