CONSIDERABLE
PROPERTY LOSS 1% - 3%
Local Road-Your road is more
protected from traffic then a collector or arterial road
however your property is not protected from
Retail Sprawl . Remember your
property value is appraised by prices of other houses in your
area. Appraisers look for three to four comparable homes that
sold in recent months. It is not likely that on a street your
size, within that time period, three to four comparable homes
can be found. Cut-through traffic will increase as frustrated
drivers seek alternate routes through your neighborhood.
Appraisers, much to the frustration of the property owner, look
to different streets, busy streets, perhaps lower property value
streets. In turn you receive a lower appraisal. This affects
your ability to fairly price your home, ask for a second
mortgage or receive an equity loan. Even a 2% loss of a
$450,000 house is $9,000. Is it worth it? Did you here about the
over 100 Acres of retail proposed in
addition to Stew Leonard's
Loss From
Retail Sprawl
-
Decreased Safety-
Living near a busy street reflect on your property. Your home
becomes less attractive and therefore less valuable when the
simple enjoyment of walking or riding a bike is a dangerous
proposition. Having to risk an accident every time you enter
or leave your street to connect to one of the many congested
streets in Orange is probably the biggest negative.
-
Increased
Pollution - Exhaust fumes from thousands of additional cars
not to mention all the garbage thrown out, greatly reduces the
appeal of your town in general and therefore price of your
home.
-
Taxes- With all of
the major devaluations in the town in general the tax base
will suffer causing the mill rates to rise. Roads will need to
be "improved" and police services increased at considerable
cost. This by far exceeds any benefit from Stew Leonard's.
-
Driving Delays- No
one likes to sit in traffic or drive bumper to bumper.
Cut-through traffic will increase as frustrated drivers seek
alternate routes through your neighborhood. Waiting at traffic
signals is bad enough already. What's going to happen when
traffic doubles.
Facts and figures for this
entire site were compiled and extrapolated from various sources
including The Orange Plan Of Conservation and Development, DLS
Traffic Study sponsored by the Town, various traffic calming
studies, engineering experts, websites and newspaper articles.
All facts and figures are thought to be accurate, however no
representation herein is made of their accuracy.
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