Neighborhood amenities such as parks, playgrounds, green space, walking trails, and community swimming pools are features that are generally desired by residents and can affect the property values of the homes nearby. The homes that are in close proximity to these amenities are more desirable and thus more valuable to a large number of households. Recreational activities such as walking, running, biking, swimming, and other sports activities can be enjoyed by many different age groups. The affect on value of homes that are conveniently located near parks, walking trails, and other amenities will be explored in the analysis.
Posts
1 comment:
Another do-able topic. This one is especially conducive to the GIS buffering capabilities.
Parks and such are generally considered positive externalities, except you might not want to be located right next to a park due to the traffic, noise, and, possible, crime, but you may want to be located within a short walk of a park. Can you model this? What did you find in the literature?
Post a Comment