Bike Lanes and Property Values | Why You Should Purchase Real Estate Near Bike Lanes

Bike Lanes and Property Values | Why You Should Purchase Real Estate Near Bike Lanes

How’s it going everyone? Matt Leighton and welcome back to another
video. In this video, we’re talking about bike
lanes. And more specifically why you should buy real
estate near bike lanes. I’m in Arlington, Virginia just cruising
around town. Those that know me know that I like walking
and biking everywhere. I’m not against driving, I just try to do
it as little as possible. And this won’t be a video on us versus them
or why you should get a bike and use the bike lanes. The point of this video is to open your eyes
up to a neighborhood amenity that you may have overlooked in the past. Because when people are looking for a great
location. They want walkability. And my whole thing is why? Ask why 3 three times. Why do they want walkability? So they can walk to the work or walk to Metro
or walk to the bus stop. But what are we forgetting? We’re forgetting the bike commuters that
are starting to make up a larger portion of commuters every year. Just like walkability to neighborhood amenities
is valued, so is bike-ability for those purchasers who travel
by bike. Properties next to bike lanes are becoming
more valuable. And I don’t really have any scientific research
to back that up. All the studies I read on this topic didn’t
necessarily have an isolated study. There were lots of factors going on. But when a bike lane is added, what is happening? The city is adding infrastructure to improve
transportation. And when transportation is improved in a certain
area, I think the surrounding area is improved as well. So I want to leave you with one final question. Do you think a neighborhood is more desirable
with bike lanes or without bike lanes? And you might say well I don’t bike and
I don’t like bikers, so what’s it to me. And that’s fine. You don’t have to like other people. But keep in mind. Without bike lanes, your car is sharing the
road with bikes. With bike lanes, bikes have their own dedicated,
sometimes protected lane that cars are not traveling in. I think this is a pretty obvious, but sometimes
overlooked neighborhood amenity. Whether you’re Lance Armstrong or you despise
bikers…it doesn’t matter. We all want to buy in a neighborhood that
appreciates in value. And when you buy in a neighborhood that has
bike lanes or is working to get bike lanes, I think you’re on the right track. Okay I got a hill coming up so I gotta go. Thanks for watching. Until next time, create a productive day. Take care.

2 thoughts on “Bike Lanes and Property Values | Why You Should Purchase Real Estate Near Bike Lanes

  1. Bike Lanes are Gold Veins and this video is a surface nugget that should prompt every viewer to give it another scratch.

  2. ▶▶▶ Get my new book: 46 Condo Buying Mistakes NOW –>

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