The real estate business used to be all about “location, location, location…”, but things have changed dramatically. There are other emerging variables that are just as important in determining real estate value. The game has changed and the players who want to survive must adapt accordingly.
A big reason why the “location” principle in real estate is no longer as prominent as it once was is because of changing times and shifting priorities. The internet has now cemented itself as one of the most important aspects of our daily life. People no longer have to be within short distances in order to communicate with each other. Work collaboration can be done online through internet. Easy access to these communication tools are what most people look for when deciding on real estate nowadays. Today, commercial and residential property tenants consider high speed internet and cloud access as a non-negotiable factor in choosing prime real estate. Landlords can keep a leg up on their competition by pushing for more accessibility to Fiber-optic internet connections in their properties.
Fiber-Optic Internet Accessibility Adds to the Value of Physical Property
Studies released by the Fiber To The Home Council Americas (FTTH) have shown that access to a fiber-optic internet connection can increase a home’s value by up to 3.1%. The FTTH goes on to say that the value of having Fiber internet accessibility is equivalent to that of adding a fireplace or a quarter of a swimming pool to a home. Additionally, a property’s value is shown to increase by 1.8% for properties that have access to internet connectivity speeds of 1Gb/s or more compared to those with only 100Mb/s.
Traditional real estate models present that property value is overwhelmingly dependent on its proximity to infrastructure and amenities. For example, an office space is deemed more valuable when it’s located near bus stops, train stations, parking facilities, and leisure establishments like gyms, restaurants, and bars. This model still holds true today, but there are new variables to take note of. More than just being accessible to these examples of physical infrastructure, office spaces should also prioritize accessibility to telecommunications infrastructure. All competitive businesses are realizing the importance of internet in carrying out daily business processes. In the modern age, high speed internet equals higher productivity. Therefore, the stronger and more reliable the internet connection is in a given property, the higher its value will be.
According to Harvard Business School Professor of Management, and former Vice Chairman of the Goldman Sachs Group, Robert Kaplan, Fiber internet connection accessibility is more important than roads when it comes to infrastructure. His points are particularly valid for areas that serve as technological hubs and whose economies rely on having speedy and reliable internet.
The Increasing Demand For Fiber
More and more government units and communities are mobilizing their efforts to increase the accessibility of Fiber connections and build up demand. Landlords and property owners in areas where Fiber connectivity is limited can boost the appeal of their properties by capitalizing on this untapped resource. They have the opportunity to set themselves apart from their competitors by offering direct Fiber-internet access in their properties.
Establishing Fiber-optic infrastructure isn’t as complicated as most people think. Fiber-specialized internet service providers are capable of bringing the technology wherever there is substantial demand. The key is in generating and consolidating that demand. Real estate players should play their cards right and capitalize on that demand by making the technology readily available for use.
Fiber Installations Don’t Have To Be Difficult Or Unreasonably Expensive
Fiber-specialized internet service providers like FiberX are able to meet the increasing demand of any property without much hassle. It’s never a problem when service providers are composed of a team of skilled and reliable tech professionals who are able to properly assess the infrastructural logistics of installing a fiber connection. The process is neither time-consuming, nor is it costly. Consumers can expect absolute efficiency and reliability when they ask for access to a high speed Fiber internet connection from FiberX.
Increasing the value of your residential or commercial property is as easy as clicking on this link to sign up for a Fiber internet connection. FiberX network specialists are ready to assist you, should you have any questions or clarifications regarding internet services. Contact FiberX now and get started on leaving your real estate competition in the dust.