Realtors: Buyers Will Pay Extra for Walkable Neighborhoods
Realtors: Buyers Will Pay Extra for Walkable Neighborhoods
A new survey asks: “If you were moving to a new home, would you be willing to spend more to live in a community where you could easily walk to parks, shops, and restaurants?” Here’s how people responded.
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And at the same time they'll pay extra for large lots and seclusion... Things that make walkability difficult or impossible.
The survey does make a distinction between a house with a small yard that's walkable vs a house with a large yard that isn't, but that doesn't paint a full picture of the trade-offs here.
A reasonable length survey will never "paint a full picture". Maybe what they're trying to show is that there are a lot more people who value walkability more than is currently assumed. In most of the US you can either chose a super high density walkable area in a condo tower or a house in a car based suburb. It's possible to design neighborhoods that are walkable and can provide a reasonable amount of private outdoor space, and what this shows is people would be willing to pay for it!