Humber/Ontario Real Estate Course 2 Exam Practice

Which factor is least likely to negatively affect property value?

1. Contamination on the land

2. Noise pollution in the immediate area

3. Aesthetic appeal

4. Lack of neighborhood services

5. Proximity to industrial areas

6. Poor property maintenance

The correct answer is: Aesthetic appeal

Aesthetic appeal is least likely to negatively affect property value because it usually pertains to how visually pleasing a property is and can often attract buyers or tenants. Properties with high aesthetic appeal typically have better curb appeal and can command higher prices in the market. On the other hand, factors such as contamination on the land, noise pollution, lack of neighborhood services, proximity to industrial areas, and poor property maintenance can all have a significant negative impact on property value. Contamination on the land can affect the health and safety of occupants, noise pollution can disrupt the quality of life, lack of neighborhood services can reduce convenience and amenities, proximity to industrial areas can result in unpleasant smells or environmental hazards, and poor property maintenance can decrease the overall desirability and value of the property.