How Walk Score Influence Prices of Homes for Sale in Spruce Grove

There are so many benefits to walking places rather than driving. Living within walking distance of amenities can give you so many of these benefits.

But that's not all! Having a home close to businesses and services can increase your home's walk score and value.

Before choosing from homes for sale in Spruce Grove, it's important to look at their walk score. It's also important for sellers to know before listing their home on the market.

So, how does a walkability score influence a home's value? Read on and we'll explain it in detail.

What is Walk Score?

A home's walk score is calculated by how close it is in relation to goods, services, and other places of social interaction. The higher your walkability score is, the better your home is suited for pedestrians.

A lot goes into your walk score when it's calculated. Schools, restaurants, or shopping centers are some of the places that are considered. The closer they are to your home, the higher your walk score will be.

The walk score only counts amenities that are within 30 minutes when walking from the home.

Being pedestrian-friendly is a big asset to your home. It's also something that you should look at if you're buying St. Albert homes for sale.

What Makes a Good Walk Score?

Walkability scores for Spruce Grove houses for sale are quite straightforward. The score is out of 100, with 0 being the lowest score and 100 being the highest.

Being within certain thresholds can mean different things. Here's an explanation of what your home's walk score might mean.

90-100

If a home is within this range, it's almost perfect. This means that there are many amenities nearby and within walking distance.

A home that scores in this range can have a significant boost in value. It could be situated in the heart of a city or town with many amenities only a short distance away.

When it comes to boosting value, this is where you want your home to be.

70-89

Homes in this range are a little farther from amenities in the previous range, but this score is still great. It's still easy to get around on foot and extra transportation is not really needed.

There are lots of attractions around, and they're very easy for pedestrians to access. A score like this can boost your home's value as well.

50-69

This range is somewhere in the middle of being walkable and needing transportation. However, it tends to lean more toward being walkable.

While it's mid-range in terms of walk score, it can still bring up the value of a home.

25-49

Lower than mid-range, this score is still OK. It indicates that the home is within walking distance of a few different places, but it's likely a long walk.

A home with this score may mean that you need to have a vehicle to get to most places that you may need to go.

0-24

This is the lowest range that a home can score in. It means that there's not much you can walk to around the home.

You'll need a car or other mode of transportation to get to the important places that you need to go.

While no score is necessarily bad, any of the scores can influence the value of Edmonton homes for sale. If it's low, it doesn't help the value, if it's high, then it can increase it.

Walkability for Buyers

As a buyer, walkability scores are important to take note of. Not only can they tell you a lot about the area that the home is in, but they can also increase the home's value.

When buying, this can be important to look out for if you're conscious about being able to walk places. It's also important to consider if you're planning to sell the house that you buy in the future.

Living in an area with a high walk score can mean that you save costs on transportation and commute times. Walking is also a healthy way to get out and about.

So, if you're looking for houses for sale in Sherwood Park, it's important to be aware of the walkability score.

Walkability for Sellers

If you're selling your home, the walkability score is something you need to be paying attention to as well. You don't want to miss out on pricing your home for what it is truly worth.

A high walk score can make your home more appealing and attract more buyers. It also allows you to ask for a higher price.

Even if you have a lower walk score, you may still be able to get a bit of a higher price for your home.

How Can Walk Score Influence Home Value?

When selling your home, you want to get a fair price. When buying a home, you want the best home for the best value.

Walkability scores can help both parties ensure that they are getting what they want.

When it comes to influencing prices, walk scores have been known to increase the value of a home by as much as $30,000. That's a lot of value that you could be missing out on if you aren't looking into this.

Even one extra point on a walkability score can significantly increase the home's value.

For both buyers and sellers, a walk score is something that you should never ignore. It can help you ensure that you're dealing with a fair price.

Homes For Sale in Spruce Grove: Check Their Walk Score

Now that you know just how important walk score is to a home's value, you know that it's something to look for when buying or selling.

At Liv Real Estate, we add a walk score to each of our listed properties. This allows you to get an idea of how walkable a home is, and how that influences the home's price.

Are you looking at buying a home with a good walkability score in Spruce Grove or St. Albert? If so have a look at our many homes for sale in Spruce Grove today!

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