Humber/Ontario Real Estate Course 3 Exam Practice

Which of these factors is NOT likely to negatively impact property value?

1. A:Noise Pollution in the Immediate Area

2. B:Contamination on the Land

3. C:Anything Nearby The Property

4. D:Lack Of Neighbourhood Services

5. E:Proximity to high-voltage power lines

6. F:Overgrown vegetation and landscaping

The correct answer is: C:Anything Nearby The Property

The factor that is least likely to negatively impact property value is anything nearby the property. This is because "anything nearby" is a broad and vague statement and does not inherently imply a negative influence. In real estate, the characteristics and amenities within proximity can vary widely, including positive aspects such as parks, schools, shopping centers, or even desirable neighborhoods. Moreover, certain nearby elements, such as community facilities, scenic views, or well-maintained properties, can enhance the value of a property rather than detract from it. For example, proximity to amenities and services can be seen as a benefit that attracts buyers and increases demand. Hence, the presence of positive nearby features would contribute positively to a property's value rather than harm it. In contrast, the other factors listed are more explicitly associated with negative perceptions or issues that can lower property values. Examples include noise pollution, contamination, lack of neighborhood services, and proximity to high-voltage power lines, all of which generally create concerns for potential buyers and can diminish perceived property value. Overgrown vegetation may also signal neglect and suggest additional maintenance costs, further impacting value.