Bike Lanes Lead to Higher Property Values

Rebecca Serna, Atlanta Bicycle Coalition executive director (and recent expat to the Kirkwood neighborhood), says both avid cyclists and casual bikers are increasingly likely to pay upwards of $5,000 more for a home if it means more space — on the street, that is.

"When people realize the savings of not relying solely on a car, they’re much more inclined to pay a little more now in exchange for saving a lot later," she said. "The old ‘drive to qualify’ [for a mortgage] paradigm is shifting as people forego the family car. Factors like time and money saved are much more valuable than the number of square feet."

by Josh Green

Full Story: http://atlanta.curbed.com/archives/2013/08/08/bike-lanes-property-values-is-there-a-correlation.php