Internet Speed A Defining Factor In Rising Property Value Today
With the world going steadily digital, internet is one of the principal factors driving life and almost every aspect of it today. Following that, internet speed has come up as a defining factor in rising property value these days. As Google launched gigabit Fibre internet service back in 2012, the General Manager of Google Access declared that availability of Fibre Optic internet connection is directly proportional to improved home value in the US by between $2,00-$5,000. In fact, a recent Wichita State University study reported that KC property scene is quite on rebound lately & property prices were speculated to rise up to 2.7% in 2014- a year and half after Fibre forayed in the city.
We can take the example of Tom Cairns & Kara Burke here who rejected a so-called ideal house in Worthington last May, citing the home doesn't assure speedy internet. In her explanation, Burke cited that unavailability of speedy internet is on par right with not having electricity in a house. The contemporary digital era has made internet an integral part of how we work & live today- and in light of such a situation, Burke's explanation makes absolute sense. Students without proper access to internet at home would struggle to meet school assignments. Besides, with internet being the dominant form of communication now, any problem with internet speed would mean a total mess when you have to send urgent presentations from your home when asked by your boss at the wee hours.
Towns with limited access to internet would fast be lagging behind economically in comparison to places that promise a high speed service. No wonder, with the foray of Fibre internet, 1100+ American cities have sent requests to introduce Fibre service in their own municipalities. In fact, cities that are failing here are on the lookout of potential ways to make them eligible to avail the Fibre service.
The leading real estate brokers do stress on viability of a speedy internet connection as one of the major factors in targeting high selling prices for home sellers. As per the top guns in the realty scene, fast broadband can enhance property value by over 3%. More precisely, high –speed Fibre internet service, backed by 1Gbps downloading speed, could add $5,400+ to the overall value of average US home.
Winding up
The internet service providers too have become aware of the rising demand of speedy internet service today. Thus, you have leading internet service providers assuring up to 50 Mbps download speed. Additionally and for better, they also guarantee solid anti-virus & firewall protection. If you are on plans to put your home on sale in near future, make sure to ensure a high speed internet connection facility with your property.
