Walks scores will help determine on how you could easily get around on the neighborhood, be able to access service and in running errands without having 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 about 70 – 100 means that you can commute easily on foot with only few or no need of a car. When you are planning to buy a real estate, it is very important 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 actually no surprise with why property markets have a positive value when it comes to living at an easy walking distance from schools, public transports, shopping malls and also green spaces. We tend to see it as things that property investors are in search for. This is able to help the case of living in an area more enjoyable.
Investment property values also are higher if the walkability is higher, especially at more populous urban areas or perhaps areas that have 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 will be less driving needed and less driving also means that there’s less CO2 emissions.
Another thing that studies show is that people who lives in neighborhoods that has high walkability scores weigh less compared to those who dont. 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.
You can determine the importance of a walk score depending to what you are really after on the purchase. One example for it is that it is important if you are after a property that’s 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.