Several homeowners cannot live without their pets with them. While it is pretty common and acceptable to live with a pet dog or cat at home, other homeowners are going as far as taking in cows or pigs as their pets. If you had a neighbor who owns wild animals and takes them for pets, how will this affect your house value?
Chances are, you may have a hard time selling your house if you live right next to a house with a pig, cow or wild animals in it (unless you want to live on a farm or ranch). According to Realtor.com, many prospective buyers are put off with the idea of living next to a house with wild animals.
Aside from you having a hard time selling your property to a buyer, it turns out your next door neighbor's pet will also affect your house value.
"A nonconventional pet will generally have a negative impact on housing prices for the surrounding properties," said real estate attorney Aaron Shmulewitz. "Would you rather live next to a house that has a lion cub in it or a house that does not have a lion cub in it?"
The publication further noted that million of wild animals are already being kept at home by private owners in the U.S. Buyers are often fearful that in the event that their next-door neighbor's pet escapes, their lives will be put in danger and properties will be damaged.
It turns out the pet owners, including those who owns cats and dogs, will be having a harder time selling their house as well. As previously reported here on Realty Today, buyers are oftentimes discouraged to live in a house with pets in it because they often "depersonalize the space."
Sellers are often encouraged to provide the buyers with enough space to imagine themselves living in their house by putting away personal and sentimental items, including their pets.
