James Gant, Other/Just Looking in Columbus, OH

How does the proximity of a Park influence property values?

Asked by James Gant, Columbus, OH Tue Jul 22, 2008

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4
The favorite parks, like Schiller, Goodale, Franklin, and others enhance the value tremendously.
0 votes Thank Flag Link Sat Jul 26, 2008
James,most of the time its a bonus,maybe you have a small yard,then u have the park to walk to.Its a positive influence.I'd worry about the home itself.

TJ
Web Reference: http://tjroberts.remax.com
0 votes Thank Flag Link Wed Jul 23, 2008
In almost all cases parks enhance the value and desirability of property. Cities that are known for their parks, like New York or Savannah have proven that quite well. It is true that a park can in rare cases be a detriment but in NY or Savannah there is a huge premium on homes that are near to the parks. Columbus has a very respectable parks system. Unfortunately, when a budget crunch comes to a city, the parks system is always an easy target. After all, what's more important, picking up the trash, paying for safety services or maintaining parks? Some areas in Columbus, like German Village, have a great partnership with the City to maintain their parks. Schiller park in German Village, Goodale Park in Victorian Village or Franklin Park in the Olde Towne area are prime examples in Columbus of how parks are an added value to real estate. But all real estate is local!! Ask neighbors nearby how they like the park close to them. You'll find out very quickly if it a jewel or a problem! The link is to the 200+ city parks in Columbus. Please check it out!!
0 votes Thank Flag Link Tue Jul 22, 2008
If its a nice park & within (very short) walking distance it can be an asset. If it's a busy park across the street, it can be a nuisance to some, a benefit to others. If it’s a dangerous park well, you get the idea. If you want a dollar value on a park near by you're spending too much time thinking about it. Don’t make yourself crazy, spend time on the homes best features and who would most benefit or appreciate them.
0 votes Thank Flag Link Tue Jul 22, 2008
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