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Homes With Premium Broadband Fetch Premium Prices on the Housing Market

Phillip Dampier February 11, 2013 Consumer News No Comments

forsaleWant to increase your home’s value? Advocate for better broadband in your neighborhood.

A British survey out this week echoes results from North America, finding nearly two-thirds of house-hunters are willing to pay up to 3 percent more for a house in a well-wired broadband area, with more than one-fifth willing to pay between 4-10 percent more for areas with faster broadband.

Younger buyers are the most interested in acquiring property in areas with the fastest service. At least 40% of 18-24 year olds consider broadband availability and speeds an important factor when considering a home purchase. More than one-third of men rate bad broadband as a potential deal breaker. For women, just over a quarter say that lousy broadband may force them to move on to other choices.

“We are living in the digital age and as such more people are choosing to work from home,” said Martin Ellis, an economist at Halifax, a British research firm. “But as well as this it’s a part of our everyday lives with web browsing and streaming television commonplace. As a result we find people are increasingly prepared to pay a premium for homes with a good broadband signal, and this is likely to remain a factor when choosing where to live.”

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  • Brian: I am an avid gamer who feels this pain as my speed drops to half (or less) during peak hours. Imagine my pain as only 10 miles away my friends have su...
  • Jason: Great article! I had U200, 18mps internet with 3 receivers, HD with no premium channels. I was paying $163/month and received a mailer from Comcast...
  • Limboaz: Figuring out how to stop the blatant corruption in Washington is one of the biggest challenges facing the American public. Frankly, crony capitalism s...
  • jdhdbsb: Post this on reddit in as many subreddits as you can, post on Facebook, Twitter, and whatever else you can. Will get more attention this way....
  • Howie: I think Verizon will eventually get out of the landline business including dropping Fios and will become a wireless only company. It's just a matter ...
  • Joe V: I ask all of you to sign this petition regarding broadband in the United States. Most people are not aware that AT&T and Verizon want to eliminate...
  • Erin: For anyone doubting the veracity of these claims...it's a night like any other at home in the Morgantown area with typical speeds via our sh***y Front...
  • Aaron near Rochester: HAhaha! Do you honestly think Verizon will give something like that out for free forever? It will most likely be limited severely by speed throttles...
  • Joe V: Please sign the petition to bring sonic.net to Pacifica California http://petitions.moveon.org/sign/please-bring-sonicnet?source=c.em&r_by=4516...
  • paul: By this time next year, no one will need vzw in NYC. Their deployment of free wifi through out the city will take the industry by storm. Why pay for s...
  • jdhdbsb: If they support it its obviously against what the consumers want. Would like to see this bill though just to count the loop holes....
  • Scott: I don't think they care much anymore. But I guess since charter bought att broadband in at louis they don't care if they retain customers in St. Loui...

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