Home buyers looking for something different
By: Cynthia Sparagna
Urban planners are saying that recent demographic changes are effecting the way home buyers purchase. Instead of looking for bigger lots, newer homes, or more amenities, buyers are looking to purchase homes that are closer to coffee shops, restaurants and grocery stores. Such was the case with Jennifer and Andrew Greenberg who recently bought a house in Portland, Oregon. They purchased a 1950′s ranch home that needed some updates but is close coffee shops and wooded paths.
Home buyers interested in finding homes in walkable communities are using websites such as WalkScore.com. The site allows users to enter an address and receive a score ranging from zero to 100 (“car dependent” to “walkers paradise”) indicating the walkability of the community. A recent study by a non profit company called CEO’s for cities found that houses located within walking distance to amenities raised values by as much as $3,000 per point.
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