Single family housing next to cemetery considered bad?
Hi All, wanted to pick your brain on the below situation. I am currently under contract/in Due Diligence period for a 12 acre lot in a nice suburb(Weddington) of Charlotte NC.

The average home price in this area is 1 Mil. My plan is to subdivide this 12 acre lot into approx 22 Single family lots and sell to a Local builder. Have approached the city and they are in favor of subdivision.

During my due diligence i found that neighboring/adjoining lot is zoned as a Cemetery. Its a 2 acre lot with a church and cemetery.

Is this an issue for potential Builders of New construction? especially in that higher end homes? My realtor is saying we can build a privacy wall , but obviously he wants the transaction to go through. Any thoughts please?
[{"id": "itn9y58", "text": "Quiet neighbors hahaah", "replies": [{"id": "itneyvh", "text": "Wish I had a dollar for every time I heard this", "replies": [], "depth": 2}, {"id": "itp5y75", "text": "Dead quiet", "replies": [], "depth": 2}, {"id": "itps05w", "text": "&gt;Quiet neighbors hahaah\n\nHopefully :D", "replies": [], "depth": 2}], "depth": 1}, {"id": "itnbzt8", "text": "It would probably have an effect on the value and marketing period of the completed homes in your proposed subdivision. It's not necessarily going to be significant but it can be depending on who your market is.", "replies": [], "depth": 1}, {"id": "itncni6", "text": "If it\u2019s an active cemetery with ongoing burials I\u2019d have a slight pause but if old and established I wouldn\u2019t worry. Lots of examples of this across country.", "replies": [{"id": "itobf76", "text": "As a developer I\u2019d say it affects things either way to get a better price on the land. Even if it did, knocking 20k as a cemetery discount would be enough to move the homes.\n\nIt\u2019s not really a huge issues. Most cemetery\u2019s are surrounded by homes and some are in nice areas and some are not.", "replies": [], "depth": 2}], "depth": 1}, {"id": "itnd9nr", "text": "I found a beautiful plot on the beach in Greece. The neighbor the the right is a beautiful cemetery. I was so happy about this. However, all my Greek friends tell me that NOBODY would live next to a cemetery. I don\u2019t care. This is my forever home and I like the neighbors! As for investing? Can you block the visual that there is a cemetery next door?", "replies": [], "depth": 1}, {"id": "itnng9k", "text": "Rock Hill Developer/Appraiser here.\n\nUnfortunately it very much depends. \n1. What product and price point you\u2019re in. \n2.How strong is the view of the cemetery\n3.how much can be solved by a buffer or wall\n\nIt\u2019ll come down to the builder and the location. If they seriously want the site, they can see past it. If sales aren\u2019t going well for them right now, they may lean towards passing.", "replies": [{"id": "itoc3p5", "text": "I\u2019m a developer and your right. If the neighborhood is nice and the price per sq ft is high enough I\u2019ll just pass on my margin hit to the land seller so my feasibility remains the same.\n\nHe should do the same thing here to purchase the land. Tell the sellers he found out about cemetery. Let\u2019s say that\u2019s a 2% discount you\u2019d have to give on final sale. Your looking at 400k the developer is looking to make up in the land deal. They will eat some cost but so will OP.\n\nIf I were OP I\u2019d adjust my offer.", "replies": [], "depth": 2}], "depth": 1}, {"id": "itnpdkw", "text": "Can you orient the houses on lots closest to cemetery in such a way that houses do not look st it directly?  Can you give a bit more land to those lots to make them more attractive?  Or a nicer layout?\nOr plant fast growing evergreen trees along the property line of the cemetery(on your side of course).\nOr discount those lots closest to cemetery a bit in your pro-forma?\n\nAll others have good comments.  I think almost anything will find a buyer if priced accordingly.", "replies": [], "depth": 1}, {"id": "itnw7a5", "text": "This is entirely location based.  Brooklyn? Doesn't matter. Charlotte? No idea they even had $1MM houses there.", "replies": [], "depth": 1}, {"id": "itnzjo4", "text": "How many graves are there/will be there? I\u2019ve seen subdivisions that had smaller inactive cemeteries on site and they just built around them. If it\u2019s large I could see where it could discourage some future home buyers but it seems like a large enough site you can mitigate it with a natural buffer.", "replies": [], "depth": 1}, {"id": "ito2zgl", "text": "A privacy wall is a solution but then the homeowner has to look at a privacy wall. That could impact perceived value for higher-end buyers as in addition to not liking a wall being there they\u2019ll probably want to know why a wall is there and then find out it\u2019s a cemetery.", "replies": [], "depth": 1}, {"id": "ito55v8", "text": "I would go for runs in a nicer, local cemetery. \n\n&amp;#x200B;\n\nWould prefer it over a strip mall, 100%.", "replies": [], "depth": 1}, {"id": "ito85rd", "text": "Is the church for sale?  Is the cemetery operating? Another approach might to flip it to the church, cemetery expansion. A colleague did that same thing on a large parcel in CA.", "replies": [], "depth": 1}, {"id": "itpvioj", "text": "You are gonna lose the Chinese builders(who are aggressively building along east coast) in terms of fengshui for sure. But then again most Chinese developers do MF stuff so\u2026 Other than that I don\u2019t think it\u2019s that big of a deal", "replies": [], "depth": 1}, {"id": "itqzd1b", "text": "Could you bundle two burial plots with the purchase of a home?", "replies": [], "depth": 1}]