What could potentially lead a property to be classified as psychologically affected?

A property can be classified as psychologically affected due to events that may not directly impact its physical state or legality but can influence buyers' perceptions and emotions. In this context, a felony occurrence on the premises is a significant factor because it can create a stigma associated with the property. Such incidents may lead to concerns about safety, neighborhood desirability, or general unease for prospective purchasers.

When evaluating other factors, while proximity to public transportation, previous construction issues, and recent renovations may impact the practical aspects of property value or desirability, they do not inherently induce psychological effects in the same way that an incident involving crime does. Crime-related incidents tend to resonate more with potential buyers and can greatly affect their willingness to make an offer or the price they are willing to pay. This psychological aspect is what makes a felony occurrence a key reason for classifying a property as psychologically affected.