Wind Turbines Drop Home Values

As great a concept for green energy as wind turbines are, they don’t appear to be benefiting the value of homes located near them.

“Wind Turbines are having a serious effect on house values in Grey County and would do the same in Huron County. This from Grey County realtor Mike McMurray at the Community Forum on Wind Development in Goderich held on Monday.

McMurray tells Bayshore Broadcasting News it’s hard to put a value on house depreciation but says it can bring down a home’s value by 25 to 40 per cent. He says the depreciation stays at 25 to 40 per cent as far as two miles away from the house.

McMurray adds if a home is in an area where people are looking for recreational or desirable residential property the house may not have any market value.”

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