Parks can boost property values by 20 percentParks can boost property values by 20 percenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=114962015-12-15T06:00:00Z2015-12-15T18:00:00Z

​​​HOUSTON – The city's recent emphasis on park development is creating​ real estate value beyond the obvious lifestyle benefits. Parks and trails systems deliver significant value to properties near the public green spaces, local valuation firm Deal Sikes & Associates reports.

"Properties located adjacent to one of Houston's premier parks typically receive more than a 20 percent positive impact in value because of their proximity to these outstanding public spaces," says Matthew Deal, principal of Deal Sikes & Associates. "Quality parks deliver value to both residential and commercial properties, including land parcels and high-rise, mid-rise and single-story buildings.

"Even properties that are located more than 1,000 feet from a park can receive a positive valuation impact of 5 to 10 percent," Deal says.

Just having a great view of a park can contribute significantly to the overall property value, says Mark Sikes, another principal with the realty valuation firm.

Realty News Report
Houston-The Woodlands-Sugar Land
Public Facilities
http://realtynewsreport.com/2015/12/14/parks-can-give-a-20-percent-boost-to-property-values-valuation-firm-reports/Read more at {Source}

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