The Economic Impact Of Pocket Parks On Residential Property Values
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Author | : Mbaka Moine Mwende |
Publisher | : |
Total Pages | : 35 |
Release | : 2018 |
Genre | : Parks |
ISBN | : |
When value of a property is assessed, the true determinants of the value of that property is in the attributes attached to that property. What individuals are willing to pay for is the attribute package that will give the maximum utility. Hedonic modelling has been used to appraise the value attached to this attribute. In this study, we use hedonic analysis to determine the value attached to pocket parks when valuing residential property. Our findings show that parks size does have value and it is translated in the value of property. The magnitude of the impact is biggest on parks that are not more than 1.5 acres. For this park sizes, houses near parks that are 0.1 acres bigger value 129 dollars more, above 1.5 acres the magnitude to the impact on house value decreases. Proximity to the park also does increase the value of a house. Also, the further the distance from the house to the nearest park, the lower the value of that house. Therefore, it is important to preserve open spaces even in metropolitan areas for their value on property prices. This increased value equally increases income of home owners and also this benefits the local government because as the home value increase, property tax they receive from these homes go up.
Author | : John L. Crompton |
Publisher | : |
Total Pages | : 128 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Author | : John L. Crompton |
Publisher | : |
Total Pages | : 187 |
Release | : 2004 |
Genre | : Bodies of water |
ISBN | : 9780975892626 |
Examines both positive and negative effects of parks and open spaces, including parkways, playgrounds, golf courses, greenway trails, large federal or state parks, and water features ranging from lakes to coastlines to wetlands, including the differences found in urban versus suburban contexts.
Author | : Linda Leigh Van Pelt |
Publisher | : |
Total Pages | : 91 |
Release | : 1983 |
Genre | : Real property |
ISBN | : |
Author | : Thomas Emery Peterson |
Publisher | : |
Total Pages | : 558 |
Release | : 1979 |
Genre | : |
ISBN | : |
Author | : Dimitra Babalis |
Publisher | : Altralinea Edizioni |
Total Pages | : 106 |
Release | : 2018-03-07 |
Genre | : Architecture |
ISBN | : 8894869253 |
Approaches to urban waterfront conservation have been much debated in recent decades. Early schemes focused on leisure and commercial exploitation, more recently greater attention has been paid to environmental and ecological conditions, historic preservation and human well-being. But how do we balance these competing interests and yet ensure sustainable change, preserve identity and yet allow for new development? And how do we involve local people? This book aims to provide some answers to these important questions. The book is divided into three parts: Part One is an overview for regeneration and awareness of historic waterfronts. Part Two argues for the sustainable reuse of important sites to preserve their special identity. Part Three shows the importance of introducing young researchers to the complexities of designing waterfronts for sustainable lifestyles.
Author | : Steve Lerner |
Publisher | : |
Total Pages | : 52 |
Release | : 1999 |
Genre | : Land use |
ISBN | : |
Author | : Colin Terence Dock |
Publisher | : |
Total Pages | : 108 |
Release | : 1988 |
Genre | : Parks |
ISBN | : |
Author | : H. W. Bockemuehl |
Publisher | : |
Total Pages | : 342 |
Release | : 1973 |
Genre | : Real property |
ISBN | : |
Author | : Timothy Neely |
Publisher | : |
Total Pages | : 32 |
Release | : 1974 |
Genre | : Parks |
ISBN | : |