When it comes to talking about walk scores, this will help determine how you can easily get around on the neighborhood, gain on access service and also to run errands without the need to use 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 usually see it as things that property investors look for. This is able to help the case of living in an area 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 means that people places high values on having several alternatives in using their car for commuting.
If you are in search for ways on how you could help reduce carbon footprint, you could start by considering a neighborhood that has 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 also influences the amount of time which a resident spends in a community.
A higher residential walk scores likewise decreased the expense that’s related with automotive and it helped 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.
This will be able to help us see the importance of this tool when it comes to evaluating potential property investments.