How Fast Internet Affects Home Prices
Yes, internet speed matters in home buying!
Home buyers are ruling out homes which don’t have sufficient broadband access. Buyers are looking specifically for homes with super-fast broadband access (think Google Fiber Gigabit). A nationwide study released recently by researchers at the University of Colorado and Carnegie Mellon University finds fiber-optic connections, the fastest type of high speed Internet available, can add $5,437 to the price of a $175,000 home—about as much as a fireplace, or half the value of a bathroom. (Read more in the Wall Street Journal report here.)
Evans Coghill has found this to be true, also. Buyers are looking for fast internet access at home and are willing to move to where they can have it. It is often not an afterthought but an early question by home buyers. If it is not sufficient, the home or neighborhood is no longer a consideration.
Home owners in Riverwalk and Springfield have the fastest internet available.
In Riverwalk and in the Evans Coghill homes at Springfield, there is a fiber connection to everyone home leading to speeds to up 1 gigabit available now. 1 gigabit is the fastest service available and is 100x fastest than at typical internet connection. Incredible download speeds. Streaming video without buffering. Download an entire HD movie is 10 seconds. Download 1000 photos in 3 seconds. Download 1000 songs in 30 seconds. Fast cloud access for all your files.
The service is provided by Comporium and is called Zipstream 1 Gigabit. Move to an Evans Coghill home and begin enjoying life at gigabit speed.