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The Current Real Estate Market in Prince George’s County, Maryland: September 2024

How Bandit Signs Lower Home Values in Maryland Neighborhoods

These cheap signs are better known as “Bandit Signs”.  They are unauthorized, illegal advertisements placed on public property such as lamp posts and stop signs.  Here’s the negative impact they cause:

  1. Visual Pollution

Aesthetic Damage: Bandit signs are often unprofessional, poorly maintained, or cheaply printed, creating a cluttered and unsightly appearance. This visual pollution detracts from the neighborhood's overall aesthetic, making it less attractive to potential buyers.

Illigal_signage

 

Perceived Neglect: A neighborhood littered with these signs may give the impression that the community lacks oversight, pride of ownership, or effective local governance.

  1. Negative Psychological Impact

Association with Low-Quality Services: These signs are typically used by businesses that may not have the budget for more professional advertising, leading potential buyers to associate the area with low-quality or even predatory services (e.g., payday loans, "We Buy Houses" schemes).

Decrease in Neighborhood Prestige: Potential buyers often interpret the presence of these signs as a sign of socioeconomic decline, which can discourage interest in the area.

  1. Safety and Regulatory Concerns

Illegality: Many municipalities have regulations prohibiting unauthorized signage on public property. A neighborhood where such signs proliferate may appear poorly regulated, undermining the perception of law and order.

Traffic Hazards: Signs placed on stop signs or lamp posts can distract drivers or obstruct views, creating safety concerns that further deter buyers.

  1. Economic Impact

Discouraging Higher-Income Buyers: Homebuyers who are looking for a more upscale or well-maintained neighborhood may bypass areas with visible cheap signage, reducing demand and ultimately lowering property values.

Impact on Comparable Sales: If homes in the area sell for less due to decreased demand, it affects the comparable sales data appraisers use to determine property values for all homes in the neighborhood.

  1. Encouragement of Further Neglect

Broken Windows Theory: The presence of cheap, illegal advertising can signal that the area tolerates minor infractions, potentially leading to more serious issues like graffiti, illegal dumping, or other forms of neglect.

Reduced Community Pride: Residents may become less invested in maintaining their properties or the community when they perceive their efforts are being undermined by such signs.

  1. Perception of Low-Cost Real Estate

"We Buy Houses" Schemes: Signs advertising quick cash purchases of homes can lead potential buyers to believe the neighborhood is in financial distress, with many homes facing foreclosure or other issues, further driving down perceived value.

Transient Population: Signs for rental properties, moving services, or temporary work can indicate a high turnover of residents, which is often less appealing to families looking for stability.

How to Mitigate the Impact

Community Action: Neighborhood associations and residents can work together to remove unauthorized signs and report offenders to local authorities.

Education: Inform residents about the negative effects of allowing such signs to persist and encourage participation in maintaining neighborhood aesthetics.

Enforcing Regulations: Press local governments to enforce ordinances against illegal signage and issue fines to repeat offenders.

Addressing this issue can significantly improve a neighborhood's appearance and curb appeal, ultimately preserving or enhancing home values.

Want help navigating property values in your area?
📞 Contact me today for a no-obligation neighborhood value report or curb appeal consultation. 240-535-1855, Angelo Rhodes, Realtor

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: [email protected]

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