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Broadband Boosts Home Value
So many factors contribute to a home’s value and given today’s technology-driven world, it’s no surprise that Internet speed and access can play an integral part in potential buyers’ priorities.
A recent study by the University of Colorado and Carnegie Mellon University concluded that fiber-optic connections, the fastest type of high speed Internet available, can add $5,537 to the price of a $175,000 home. The effect of available high speeds on home sales was most prevalent in rural areas where high-speed connections and options may be limited.
A 2014 study by the University of Wisconsin at Whitewater found similar results, in that high-speed access could add $11,815 to the value of a $439,000 vacation home in Door County, Wisconsin.
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Lyon Real Estate
Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate.