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Neighbourhood Amenities That Boost Home Value

Whether you are buying or selling, a key factor is in the value of your home and quality of life are the neighbourhood amenities. The walkability to some of these amenities contributes to what is called a “Walk Score”. Each point in a Walk Score is worth up to $3,000 in home value in a typical city. Home value is affected by the walkability to amenities, such as:

Basic essentials – Proximity to well-rated schools, quality healthcare, and grocery stores make life more convenient.

Parks and community centres – Provide a place where residents can relax, socialize, exercise, and participate in programs, which can be particularly appealing to families and community-oriented individuals.

Shops and restaurants – Appealing for quality of life and helps to make a neighbourhood feel lively.

Public transit – Offers convenience in getting around, and the option to save significant money by not owning a vehicle.

Also, when you are buying and selling, other factor to consider include:

Mature trees – Given that these take decades to grow, and they provide shade and cleaner air, can lower energy bills, and improve your mental and physical health, it’s no wonder they can increase property value up to 15 percent.

Future development projects – Such as for schools, healthcare, transit, or recreation contribute to a property’s long-term appreciation potential.

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