Should Walkability Impact Home Purchase Decisions?

Explore why the walkability score matters in your home purchase journey. Find out if walkability aligns with your goals to enhance your living experience.

The Andersons (Sara and Ethan) – a couple with a school-going child (Max) – have saved enough money for a home purchase. Additionally, their financial stability will remove any hurdles in securing a mortgage. However, recently, their friend asked them to keep the house’s walkability score in mind, along with other factors. 

Nevertheless, the couple was unaware of the term and had limited knowledge about how it could impact their decision.  So, they decided to look into it.

What unfolds is how this seemingly technical metric transforms the couple’s quest for a house based on their lifestyle and preferences.

Key Takeaways

  • Walkability measures how easily and comfortably one can navigate a neighborhood on foot.
  • The strategic approach to home purchase decisions should incorporate walkability.
  • A good walkability score can result in a potential enhancement of daily life.

Walkability Score Defined

The first thing was to understand the meaning of this newly introduced term. So, Ethan contacted their agent. 

Their agent explained that walkability is more than about sidewalks and crosswalks; it is about a community where everything you need is within a comfortable stroll. Furthermore, the agent explained that a walkability score is a numerical measure that assesses how convenient and pedestrian-friendly a neighborhood or area is for residents. He said, “It typically considers factors such as the proximity of essential amenities like grocery stores, schools, parks, public transportation, and other services within walking distance.” The agent continued, “Additionally, the score is often calculated on a scale from 0 to 100, with higher scores indicating greater walkability. A good walkability score is generally considered to be 70 or above”.  

Ethan replied to this explanation by saying, “So, what I understand is that this metric is used in real estate to help individuals evaluate lifestyle benefits linked to a location when considering a home purchase.” 

After the agent gave an affirmative, Sara and Ethan became confident about this score being more than a number. They realized it was a key to unlocking a world of convenience and connection.

Synchronization of Walkability with Values and Preferences

The next discussion between the couple was if walkability is their consideration and if their values, lifestyle, and preferences benefit from a walkability score.

So, they thought that as a family, they valued quality time, health, and a sense of belonging. Thus, good walkability can help them align their values and priorities. Additionally, their busy schedules do not spare them much time. Therefore, having a leisurely Sunday stroll to the local park is all they can afford in terms of time. 

Then, their son, Max, is small and cannot walk a long distance to and from his school. As Ethan takes the car to his office, it would be easier if the school is nearby. Plus, Sara needs to grab groceries without hopping into the car.

These simple yet profound thoughts started to shape their understanding of what they truly wanted in a home.

Benefits of a Good Walkability Score For a Home Purchase

Sara believed they should be fully equipped with the benefits of a high walkability score if they aim for one for their home purchase.

  • Increased Home Value

The Andersons discovered that homes in walkable neighborhoods tend to hold their value better over time. This is because the convenience of amenities within walking distance makes these properties highly sought after.

  • Health and Well-being

Ethan was glad to picture Max trading screen time for outdoor activities. Furthermore, Sara’s thyroid also demanded a regular walking routine. Thus, the couple realized that walkability can promote a healthier lifestyle. Moreover, they can reduce their constant reliance on cars and encourage their physical activity.

  • Convenience

Daily chores become a breeze when everything you need is around the corner. Thus, Sara can easily walk Max to his school while grabbing a morning coffee and picking up dry cleaning without the hassle of long drives.

  • Environmental Impact

Less time on the road translates to fewer carbon emissions, which converges with Ethan’s sustainability priority. Furthermore, the Andersons can take pride in contributing to a greener environment simply by choosing a walkable community.

  • Community Interaction

Walking fosters a sense of community. The family can engage with neighbors during their walks, creating bonds that go beyond the typical wave from the car. 

  • Cost Savings

The Andersons can significantly drop their monthly fuel and car-related expenses with fewer car trips. Therefore, a good walkability score in their home purchase decision can also be a practical financial choice.

  • Safety

In pedestrian-friendly neighborhoods, one can find meticulously maintained sidewalks, clearly marked crosswalks, and well-lit streets, creating a secure environment for residents to stroll. As they prioritize safety over anything else, this can be a significant advantage for the Andersons.

  • Quality of Life

As the Andersons realized their lifestyle and priorities merge well with having a good walkability score, they believe walkability can be the cornerstone of an enriched, quality life. Moreover, they can enjoy a vibrant atmosphere, a mix of residential and commercial spaces, street furniture, sidewalks, and green spaces. Overall, an aesthetically pleasing and enjoyable environment can be attained. 

Challenges

Of course, no story is complete without its challenges. The couple decided not to focus only on the good side but also to uncover the challenges. 

  • Limited Options in Walkable Zones

Not all neighborhoods score high on walkability. Thus, it means the Andersons will have to narrow their list of favorite neighborhoods based only on other factors. 

  • Financial Considerations

While browsing the real estate sites, Ethan highlighted that ya home purchase in neighborhoods with high walkability scores was costly. 

  • Balancing Walkability with Affordability

Due to the high property costs in walkable communities, the couple needed to weigh the financial implications. Can they afford it? Can they manage the maintenance and taxes later on? Therefore, finding the sweet spot between a desirable walkability score and affordable housing can be challenging for the Andersons.

  • Accessibility to Work

Sara explained to Ethan that while this may not be a challenge for everyone, it was for them. This is because there were no walkable neighborhoods near Ethan’s workplace. Thus, he has to take a long drive to reach his office if they focus on their home purchase in a walkable community. Does this mean their sustainability and saving on fuel advantages would be compromised? Well, a thorough analysis needs to be drawn.

Wrap Up

So, should the walkability consideration be a part of your home purchase? If the Andersons’ story is any indication, the answer is a resounding yes. The story concluded with the Andersons discovering that the walkability score was not just a real estate metric but a compass guiding them toward a lifestyle that resonated with their values. 

Additionally, the homeownership decision is not just about buying a house. Rather, it is about crafting a life where every step is a stride toward a brighter, more connected future.

 

FAQs

1. Is the walkability score a passing trend or a long-term home purchase consideration?

The walkability score is not a trend. Rather, it is a timeless urban planning principle. As cities evolve, the enduring appeal of accessible, pedestrian-friendly neighborhoods remains integral to well-designed communities.

2. Can walkability impact local business viability?

Yes, walkability contributes to the success of local businesses. Moreover, pedestrian-friendly neighborhoods attract foot traffic, benefiting local shops and creating a vibrant commercial environment.

3. How can walkability adapt to seasonal changes?

Walkability can adapt to seasonal changes by incorporating weather-resilient infrastructure. For instance, covered walkways, climate-appropriate landscaping, and maintenance strategies ensure year-round accessibility, enhancing the overall walking experience.


DISCLAIMER OF ARTICLE CONTENT
The content in this article or posting has been generated by technology known as artificial intelligence or “AI”. Therefore, please note that the information provided may not be error-free or up to date. We recommend that you independently verify the content and consult with professionals for specific advice and for further information. You should not rely on the content for critical decision-making, as professional advice, or for any legal purposes or use. HAR.com disclaims any responsibility or liability for your use or interpretation of the content provided.

Related Articles

Like what you’re reading?

Subscribe to our monthly newsletter for up-to-date real estate industry trends, news, and insights.

By subscribing, you accept our privacy policy.
Close