Urban Fold

The Impact Of McMansions On The Value of Neighboring Homes

A Wall Street Journal writer shares her family's experience in a neighborhood quickly being dominated by McMansions.

"Our three-bedroom, one-and-a-half bath, 2,400-sq.-ft. home, once among the largest in the neighborhood, will soon be among the smallest.... So we've made our peace with living within our home's boundaries. But we wondered: Would not keeping up with the Joneses hurt the home's resale value?

...People who are shopping for homes in a certain neighborhood expect certain amenities in those homes, says Kermit Baker, director of the remodeling futures program at Harvard University's Joint Center for Housing Studies. 'If you're not keeping up with other homes in the neighborhood, you may have home buyers walk away from it,' he says."

Full Story: How Do New McMansions Affect The Value of Neighboring Homes?

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.