What is the impact of walkability on property values?
An example of an AI chatbot conversation about the effects of walkability on real estate prices.
How does walkability affect property values?
Walkability can significantly increase property values as homes in walkable neighborhoods are often more desirable.
What factors contribute to a neighborhood being walkable?
Factors include proximity to amenities, safety, public transportation, and pedestrian-friendly infrastructure.
Are there any studies that support this?
Yes, several studies show that properties in walkable areas can sell for 10-20% more than those in car-dependent areas.
How can I find out the walkability score of a neighborhood?
You can use websites like Walk Score, which rates neighborhoods based on their walkability and access to amenities.
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