Every home seller is guilty of putting in that extra effort to make their place look as valuable as possible, both in a house value calculator in Canada and in the eyes of buyers. But at times, even after trying every trick in the book, certain factors outside your control can bring your home’s value down – external obsolescence. Your next-door neighbour could be one such factor. Yes, one bad apple (house or household) can drag down the value of all the other homes in the neighbourhood. Here’s how your neighbour’s property can impact your home’s value – and what real estate experts recommend doing in this situation

Every home seller is guilty of putting in that extra effort to make their place look as valuable as possible, both in a house value calculator in Canada and in the eyes of buyers. But at times, even after trying every trick in the book, certain factors outside your control can bring your home’s value down – external obsolescence. Your next-door neighbour could be one such factor. Yes, one bad apple (house or household) can drag down the value of all the other homes in the neighbourhood. Here’s how your neighbour’s property can impact your home’s value – and what real estate experts recommend doing in this situation.