When talking about walk scores, this is something that will help determine how you can easily get around on the neighborhood, gain access for services and also to run errands without using a car. This kind of measurement is in fact used in a real estate which refers to the pedestrian friendliness of a neighborhood in respect with its distance from shopping centers, transportation, schools as well as other amenities.
Walk scores of 70 – 100 actually means that you could easily commute on foot with just few or no need of a car. In case you plan to purchase a real estate, it’s essential to use walk scores.
There are also some studies that shows that properties having an above-average level of walkability commands a sales price and a weekly rent compared to properties having an average level of walkability.
It’s really no surprise as to why property markets includes a positive value in living in an easy walking distance of public transport, schools, shopping amenities and also green spaces. We tend to see it as things that property investors are in search for. This will actually help in living in an area that’s more enjoyable.
The investment property values also are a lot higher if the walkability is higher, especially on urban areas which are more populous or areas that has an extensive public transit access. This actually means that people usually place high values to having several alternatives on the case of using their car for commuting.
When you are ever looking for ways to how you can help reduce the carbon footprint, you can start through considering a neighborhood having high walkability score. High walk scores means that there’s less driving needed, which also means that there’s less carbon footprint.
Another thing that studies show is that people who lives in neighborhoods that has high walkability scores weigh less compared to those who dont. Higher walk scores likewise will likewise influence the amount of time that a resident spends in the community.
Higher residential walk scores also decreased the expense for any automotives and it also increased property value. Driving less means there’s less money involved on gas, less maintenance and low insurance rates, which depends on where you live.
The importance of a walk score can in fact be determined depending with what you are after on the purchase. One good example of it is that it is essential if you are after a property that’s only a walking distance to most amenities in the area.
This helps us to see the importance of such tool when evaluating a potential property investment.