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Updated about 10 years ago,
House across from a dairy farm
How much would you reduce the after repair value of a house across from a dairy farm? I grew up working on such a farm and understand that there are smells and flies related to such a business. However, I enjoy farms so am not able to look at it objectively.
For houses that are on a busy street, I reduce the value compared to comps that are on quiet streets by about 15%. I have had great success with this strategy. Is there a similar % reduction that I should use for being across from a smelly business?