Speedy Internet Boosts Home Values

Speedy Internet Boosts Home Values

Study: Speedy Internet Boosts Home Values 

DAILY REAL ESTATE NEWS | THURSDAY, JULY 02, 2015 

Broadband has become a home shopper's must-have. In fact, the speed of Internet service is even having an influence on American's biggest purchase: Their homes, The Wall Street Journal reports.

Fiber-optic connections -- the fastest type of high speed Internet available -- can add $5,437 to the price of a $175,000 home. That equates to what a fireplace would add in value or half the value of a bathroom, according to a newly released study by researchers at the University of Colorado and Carnegie Mellon University.

Researchers compared more than 525,000 home sales between 2011 and 2013 against government data on the type of Internet access available. The impact with Internet speeds and home sales often are found to be most significant in rural areas where Internet speeds tend to show more fluctuations in speed.

David Mans, a real estate professional near Boulder, Colo., mentions Internet availability in his online listings, and he's noticed he tends to get fewer calls about properties that don't have it. "I have situations where people won't even look at it if it doesn't have broadband," Mans says. 

Phone lines can deliver DSL service, generally slower than 10 megabits a second; satellite service is typically even slower; and fiber and some cable can deliver speeds of up to 1,000 megabits a second, The Wall Street Journal notes.

A 2014 study by the University of Wisconsin at Whitewater also found that access to the Internet could increase a home’s value. That study found that it could add $11,815 to the value of a $439,000 vacation home in Door County, Wis.

Source: "How Fast Internet Affects Home Prices," The Wall Street Journal (June 30, 2015)


Richard Emanuele Headshot
Author:
Phone: 702-506-4090
Dated: July 9th 2015
Views: 314
About Richard: Richard Emanuele is a top Producing Real Estate agent who holds distinguished designations such as: ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

VALENTINES DAY VEGAS STYLE - Romantic Things to Do in Las
Benefits To Selling Your Home In Los Angeles And Moving To Las Vegas - Pros and cons of moving to Nevada
IT IS OFFICIAL - Las Vegas Raiders - Silver and
GET OUTSIDE WITH YOUR FOUR LEGGED FRIEND - 5 Best Places

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Team Emanuele Real Estate
3046 South Durango Drive
Las Vegas, NV
702-475-6473
702-685-3600

Other Locations