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 is a measurement which is mostly being used in a real estate that refers to the pedestrian friendliness of a neighborhood in respect of the distance of shopping centers, schools, transportation and also other basic amenities.
A walk score of about 70 – 100 means that you can easily walk on foot with only few or perhaps no need of a vehicle at all. When you have the plan of purchasing a real estate, it is important that you use a walk score.
There are actually some studies made that shows that properties that have an above-average level of walkability will need a sales price and also a weekly rent than the properties that have 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.
Investment property values likewise are much higher when the walkability is higher, especially for urban areas that are more populous or areas which have an extensive public transit access. This means that people places high values on having several alternatives in using their car for commuting.
In case you are in search for ways with how you can reduce carbon footprint, you can start this by considering a neighborhood which comes with a high walkability score. High walk scores means that there’s less driving needed, which also means that there’s less carbon footprint.
Another thing which studies show is that people who are living in neighborhoods having high walkability scores weigh less than people who don’t. High walk scores also influence the amount of time that’s necessary for a resident to spend in a community.
Higher residential walk scores also decreased the expense for any automotives and it also increased property value. Driving less likewise means that there’s less money that’s involved on gas, comes with less maintenance and also low insurance rates, which will depend on where you actually live.
The importance of a walk score can in fact be determined depending with what you are after on the purchase. A good example to this is that it is important when you are after a property which is just a walking distance to most of the amenities in the area.
We could then see that a walk score is an essential tool that we could use when it comes to evaluating a potential property investment.