Humber/Ontario Real Estate Course 4 Exam Practice

Which of the following is NOT a factor that can negatively affect property value?

1. Anything Nearby The Property

2. Contamination on the Land

3. Lack Of Neighbourhood Services

4. Noise Pollution in the Immediate Area

5. Overgrown Vegetation on the Property

6. Poorly Maintained Roads

The correct answer is: Anything Nearby The Property

The reasoning behind identifying "Anything Nearby The Property" as not a factor that can negatively affect property value lies in the broad and varied implications of surrounding properties and features. Factors that can be nearby may include parks, quality schools, shopping centers, and other amenities that enhance desirability. In some cases, nearby attractions and conveniences can actually increase property values, making it important to evaluate specific nearby elements rather than assuming all relate negatively. On the other hand, the other options represent clear, quantifiable detriments to property value. Contamination on the land directly impacts both safety and health, which would significantly lower appeal. A lack of neighborhood services, such as grocery stores or community centers, can make an area unattractive to potential buyers, further depressing property values. Similarly, noise pollution in the immediate area is a consistent nuisance that can detract from a property's desirability, as potential buyers often seek peace and quiet in their living environment. Overgrown vegetation can suggest neglect, which may raise concerns about safety, aesthetic appeal, or pest infestation, impacting assessment values. Poorly maintained roads can lead to accessibility issues and create a negative impression about the upkeep of the area, thus reducing overall property values. Each of these factors conveys a tangible and often measurable impact on