“My fiancé and I have been looking for our first home for 4 months. We finally found a house in our budget we both agree on. The bad news is it’s on a busy street, which makes us hesitant about buying it. What do you advise?”
Answer:
Buying a home on a busy street, or with any other negative, is fine provided the price reflects it.
My informal, unscientific studies and 20 years of experience tell me that a busy street impacts the value of a home by 3% to 10%, depending on how busy and how close the house is to the street.
Good luck…
