Want to make big returns on real estate? Statistics say GO GREEN.
2010 January 16
Walkable neighborhoods increase real estate value.
I am not lying to you. On average, houses with above-average Walk Scores commanded $30,000 more in value. And while the recession hit hard on all real estate, typically the most walkable held up and, in a few cases, increased.*
What does this suggest? If we get in gear as citizens or as a nation, more pedestrian-friendly, bike-friendly, walkable, and sustainable cities will take hold and help us prosper. Begin to build infrastructure to support other modes of transportation and just maybe we’ll see a peak for our beloved Nation –oh and the Earth will be happy too.
Excerpt from Congress for the New Urbanism <here>
Full article from The New York Times <here>
*statistics from Impresa and Zillow
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I definitely agree with this – having the ability to walk to services and recreation is a big plus. I will be considering all of these when we start to look for a new home.