As you’re spending more time than ever at home, you may be thinking about all the things you wish you could have in and around your living space!
A term that comes to mind is “walkability” or “walkable neighborhoods.” But what does that really mean?
For prospective home buyers, walkable neighborhoods provide a variety of benefits that together create a unique, welcoming community to live in.
What Is A Walkable Neighborhood?
A neighborhood’s “walkability” is simply a measure of how accessible the area is to walking. This is calculated through a variety of factors such as:
- An ample number of paths and trails
- Streets that are designed with both walkers and drivers in mind
- A high population density
- Nearby restaurants (currently great for carry-out and delivery!)
- Convenient stores and entertainment spots (it’s part of the definition – we’re looking forward to things reopening!)
- Lower vehicle speeds and traffic
- Higher air quality
- More trees and vegetation compared to other urban communities
- A variety of buildings with lots of windows
Four Benefits of Walkable Neighborhoods.
Walkable neighborhoods have become extremely popular options for home buyers. They offer several benefits such as:
Health
It makes common sense that areas that promote walking tend to have healthier residents, and scientific research backs up this assertion. Walking has been shown to improve heart, mental and overall health. Furthermore, fewer cars on the road means better air quality, which impacts respiratory health.
Economic Possibilities
Walkable neighborhoods are, by definition, bustling with business activity that benefits residents. In fact, although walkable neighborhoods make up a mere 1% of land in the 30 largest cities in the United States, it’s estimated that they account for the majority of office and rental space. This kind of business density makes them prime locations for job seekers and entrepreneurs alike.
Higher Property Value Growth
Since these neighborhoods are more in demand, they also tend to have higher property values. While this means they might require more of an upfront commitment, it also means they’re a better investment. Additionally, initial purchase costs can be offset by other factors, such as not needing a vehicle as often. Cars are major household expenses, and if you can drive less, you’ll significantly reduce the money you spend on gas, maintenance, and monthly payments.
Sustainability
As climate change progresses, sustainable communities are becoming more important. Walkable communities are great because, again, there is less need for vehicles, which reduces carbon footprints and emissions. Additionally, with attention given to planting trees, walkable neighborhoods help replenish good air quality.
Washington D.C. is a city that embraces walkability. One of its premier walkable neighborhoods is our very own Georgia Row at Walter Reed. These gorgeous, luxury condominiums are located in the heart of Northwest Washington, D.C. Here, residents enjoy easy access to major public transportation (Metro and bus), along with upscale shopping centers, restaurants, a newly-designed multi-acre park, and entertainment hot spots. Indulge in a vibrant community that has seen over $1 billion in recent investment, bringing true city living to a new level of convenience.
Craftmark Homes has built high-quality, luxury homes in the Washington, D.C. area for over a quarter-century. If you’re in the market for a new home and would like to learn more about your options, contact us today to schedule a consultation. Whether you want a walkable neighborhood or prefer something more private, your dream home can become a reality.
Please be aware of the evolving regulations regarding moving throughout your community during the COVID-19 outbreak. Check your area’s government website for updated guidelines. Stay safe!