It’s true! Having gigabit-fiber internet at your home can positively impact the value of your home.
A study by the University of Chicago and Carnegie Mellon University* found that gigabit fiber can add an average of 3.4% to a home’s value. That’s $6,800 added to the price of a $200,000 home! All without any of the usual costly and labor-intense projects such an increase in value would usually require.
Now that more and more people work from home, the desire for well-connected home office space grows. As high-speed internet is now a huge priority for new homebuyers, well-connected neighborhoods and communities will see growth. Fiber expansion to rural areas allows white-collar workers to live and work from their rural homes instead of commuting to work.
In addition to making your home more appealing to potential buyers, it:
- provides the fastest internet connectivity available.
- is incredibly reliable and durable – fiber optic cable can last decades without being replaced
- provides the high-speed, reliable internet required for remote education, telecommuting, smart home solutions, streaming entertainment, gaming, keeping up with friends/family, and more.
- is “future-proof,” meaning that as technology becomes even more advanced and the need for faster speeds and bandwidth grows, fiber can accommodate those demands.
* The findings of this study were based on data from home sales, the Census Bureau, and the National Broadband Map.