{"id":6617,"date":"2019-08-06T17:07:13","date_gmt":"2019-08-06T21:07:13","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/?p=6617"},"modified":"2019-08-06T17:07:13","modified_gmt":"2019-08-06T21:07:13","slug":"bike-paths-lift-home-values","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/bike-paths-lift-home-values\/","title":{"rendered":"Bike Paths Lift Home Values"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Bicycle-friendly amenities are contributing to a surge in property values\u2009in communities across the globe, marshaled by developments in urban centers and suburban outposts\u00a0that accommodate \u201cactive\u201d transportation.<\/p>\n

Click link for map of the Rehoboth Lewes Bike Path \u2013 which is continuing to grow!<\/p>\n

http:\/\/www.dnrec.delaware.gov\/parks\/Information\/Documents\/GordonsPond\/4-13\/Region%20Map.pdf<\/a><\/p>\n

\u201cToday, bike trails, bike lanes, bike-share systems, and other forms of active transportation infrastructure are helping spur a new generation of \u2018trail-oriented development,\u2019\u201d states a recently released report by the\u00a0Urban Land Institute\u00a0(ULI) that profiles 10 such developments.<\/p>\n

The report, \u201cActive Transportation and Real Estate: The Next Frontier,\u201d cites a considerable statistic: on a national scale, the values of homes in areas with \u201cabove-average\u201d access to active transportation are higher than those of comparable properties by as much as $34,000.<\/p>\n

Homes in proximity to the bike-able Indianapolis Cultural Trail, for instance, have seen an astronomical rise in value since the trail\u2019s opening six years ago\u2014148 percent, the report states. In Radnor Township, Pa., the Radnor Trail has raised the values of properties within a quarter-mile by an average approaching $70,000. Similar trends have also emerged in Atlanta and Dallas.<\/p>\n

The draw to these trails, or networks, is primarily enhanced well-being, with the increased sense of safety\u2014made possible by features like graded paths, protective posts and \u201cbicycle boulevards\u201d \u2014especially appealing to bicycle commuters, who contend with motorists daily. The opportunity for outdoor physical activity has also markedly peaked interest.<\/p>\n

Beyond those benefits, bicycle networks can lead to a reduction in\u00a0air\u00a0pollution\u00a0and vehicle greenhouse gas emissions. The Department of Transportation claims half of all trips taken in the U.S. are less than three miles long\u2014a 20-minute ride by bicycle, according to the report.<\/p>\n

Big-picture implications arise, as well. The report points to significant increases in rents and retail sales, and a decrease (by the millions) in medical costs, all as a result of trail-oriented development.<\/p>\n

Many communities, however, lack access to facilities that fit the bicycle-friendly criteria. Nearly half of participants (48 percent) in a\u00a0previous ULI study\u00a0reported inadequate infrastructure to support cycling, though over half (52 percent) would prefer to live in an area without the need for a car.<\/p>\n

The cause of this imbalance is unclear. The funds needed to install a bicycle network are relatively modest: \u00a0the report references Portland, Ore., which constructed a 300-mile bike trail for approximately the same cost as one mile of a four-lane freeway.\u00a0Builders have begun to cater\u00a0to the mounting demand for accessible development, but key members of the industry have yet to take action.<\/p>\n

\u201cAt its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles,\u201d the report states. \u201cThrough supporting bike infrastructure, real estate professionals who influence the built environment [buildings, neighborhoods and streets] can play a significant role in creating healthier, more sustainable communities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Bicycle-friendly amenities are contributing to a surge in property values\u2009in communities across the globe, marshaled by developments in urban centers and suburban outposts\u00a0that accommodate \u201cactive\u201d transportation. Click link for map of the Rehoboth Lewes Bike Path \u2013 which is continuing to grow! http:\/\/www.dnrec.delaware.gov\/parks\/Information\/Documents\/GordonsPond\/4-13\/Region%20Map.pdf \u201cToday, bike trails, bike lanes, bike-share systems, and other forms of active … Continue reading Bike Paths Lift Home Values<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":6618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,37,34],"tags":[],"class_list":["post-6617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous","category-news","category-why-we-live-here"],"_links":{"self":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/6617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/comments?post=6617"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/6617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media\/6618"}],"wp:attachment":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media?parent=6617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=6617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=6617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}