Residential property values are influenced by many factors, including school quality, view, and noise. People are negatively affected by noise in different ways. Sleep disturbances are attributed to excessive noise. School-aged children's cognitive function is significantly impacted by noise, which is also linked to physiologic stress reactions as well as cardiovascular and other psychiatric illnesses, all of which reduce productivity.
People exposed to high levels of traffic noise, with a 24-hour average of 55 decibels or more, have a higher risk of hypertension, and those exposed to 60 decibels or more had a higher risk of stroke. The value of the residential property must be affected by noise if humans are affected.
It is possible to improve residential property valuation by using sound measurements and adding a sound variable. Because of the location of observations used to feed a valuation model, it is feasible to get proxies for these effects, just as it is possible to get proxies for views or property conditions.
The major source of noise will be traffic from all of the neighboring commutes. Noise is more likely to be produced by the metro, bus terminals, and highway roads. Going to Google Maps and monitoring the traffic updates throughout the day is a simple method to assess the loudness of your commute. Noise will be created by factories and industries. Noise will be increased in interactive places such as malls, stores, and similar establishments. Make sure you personally check the area or employ a property inspector before purchasing a home.
If the house is being sold by a corporation, inquire about the level before signing the contract. Some websites and real estate companies provide noise maps and models that they already have based on land surveys. You make use of that as well.
Comments
Post a Comment