Which of these factors would typically reduce the market value of a property?

Nuisance properties nearby can significantly diminish the market value of a property due to their negative impact on the overall attractiveness of the neighborhood. Properties that create disturbances, such as high traffic, noise, or unsightly conditions, can deter potential buyers or renters from wanting to live in the area. This adverse effect can lead to decreased demand for nearby properties, which in turn lowers their market value.

In contrast, increased local amenities, extensive renovations, and rising property prices in the area typically enhance a property's appeal and value. Local amenities, such as parks, grocery stores, and schools, can make a location more desirable. Extensive renovations generally improve a property's condition and aesthetics, making it more attractive to buyers. Similarly, rising property prices indicate a growing demand for real estate in the area, which is likely to uplift the values of all properties within that market.