How Fiber Internet Is Boosting The Real Estate Value Of Homes

Numerous families are in the market for fiber-optic internet in their homes. The design of homes is getting smarter, and there are more devices that are used for almost every detail of daily life, such as communicating with each other, working, and going to school. As more connections are needed, people want their internet to be as fast and as reliable as possible. If you’re thinking about the value of your home, then investing in fiber internet is something to consider.

Benefits

There was a study completed in 2015 that indicates that a home’s value could increase by as much as 3.1% after fiber-optic internet is added. Depending on the size and design of the home, this could mean as much as $300,000 in some areas. This type of service is similar to adding a half bath to a home. Some people are unsure of how a basic service could increase the value of a home so much. It all comes down to the benefits of fiber-optic connections. Speed is the first thing that many people think of when they hear about fiber-optic internet. You can quickly get tasks accomplished for work and school, and it’s a good solution if you enjoy gaming as you’re able to interact with other players faster than if you were to use cable internet. It’s also beneficial for streaming your favorite movies and TV shows. A fiber-optic connection is usually a bit more stable and reliable than other types as well due to the material of the equipment used. Since fiber doesn’t involve signals, security is a bit tighter as well, which can decrease the risks associated with hacking and stealing your information.

Accessibility

One of the reasons why you might not want to bother with fiber-optic internet is because you think that it’s difficult to install or that it’s too expensive. There are new infrastructure designs that are being established across the country that can make it easier to access fiber-optic internet services in more areas, especially those that might not have access to the internet at all. The price associated with the service has decreased as the cost of the materials has decreased, which means that it can be easier for families to afford home broadband internet. There are also subsidies that have been established to help offset the cost of internet service, including fiber-optic. This is an addition to your home that can save quite a bit of time as you won’t have to worry about satellite internet connections or DSL. With an easier and less expensive internet option, this results in a higher value associated with your home compared to the value that it could be with satellite internet or no connections that are available at all.

Adding an Amenity

When you look at a home that you might want to purchase, something that you likely take into consideration is the number of amenities that are available. These could be anything from a pool in the yard to a spa tub in the master bathroom. As the number of amenities increases, the value of the home increases as well. When you add in fiber internet, then you’re looking at an amenity that’s more attractive than someone seeing that there’s a satellite dish or basic cable internet service in the home eXp Realty.