How do easements affect property value?

Easements can indeed impose restrictions that may lower property values, which is why this choice is correct. An easement grants someone the right to use a portion of a property for a specific purpose, like accessing a utility line, which can limit what the property owner can do with their land. For example, if a homeowner has an easement that allows a neighbor to cross a corner of their property, the homeowner might find it more difficult to develop that area, thereby potentially reducing the property's marketability and value.

Additionally, the presence of an easement might detract from the property's appeal to potential buyers, who may have concerns about privacy or security. Unlike properties that do not have easements, the restrictions associated with an easement may lead buyers to perceive the property as less desirable, thus possibly lowering its market value.

The other options do not accurately represent how easements typically affect property values. Easements do not universally increase property values, are applicable to both residential and commercial properties, and do indeed have an impact on property value, contrary to the claim that they have no effect at all.