WASHINGTON (NEWSPLEX) -- A new study suggests having a natural gas pipeline run through your property may not impact the property's value.
The study, Pipeline Impact to Property Value and Property Insurability, was conducted by Integra Realty Resources for the INGAA Foundation, Inc.
The IRR study looked at homes in four states, including Virginia, and an analysis in a fifth community, which was included in this study, was conducted by a different appraisal company.
It found that is you live near a natural gas pipeline, it did not decrease the sales price of your home.
"By identifying residential neighborhoods that were bordered or bisected by at least one pipeline, we were able to isolate home sales of similar properties both on and off the pipelines," said IRR Senior Managing Director David Dominy. "We then performed a direct comparison of the properties for normal valuation purposes. After comparison of approximately 200 sale transactions in five areas, we were able to determine there is no measurable negative impact in home values associated with the presence of a natural gas pipeline."
The study also found that homebuyers with such properties were able to get mortgages and a fair rate on property insurance without seeing an increase in premiums due to the pipeline's presence.
It was funded by a group that wants to advance the use of natural gas.