property renovation

I recently discovered what appears to be a gem home in a phenomenal location in Atlanta. It’s an older house with countless points of upside. It’s rather unattractive from the outside, but as someone who is looking to get their hands dirty and add value (even go as far as doing a major facade renovation), it’s perfect. It is by far the least expensive house in the submarket, and I first thought that no one could get comfortable with its flat roof and no one could see the potential in spending some money here. I discovered that there is a high tension tower located three doors down on someone else’s property and the lines run over the yard of the property of interest (about 1/3 of the way up from the street). I don’t mind living under them, I’ve read reports and there’s nothing too concrete about the effects. Question is, if I build significant value into this house (which it does need) is it still topped out in value because of the power lines? How does the majority treat that?

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