Fiber Broadband Driving Home Sales and Value
By enabling all of these applications to be run on high-speed, low-latency broadband, fiber increases the value of the home, according to platforms such as Doorify MLS. The MLS service, the
33rd largest in the U.S., provides competing real estate and brokers to share information about houses, land, and buildings, such as size, amenities, and internet access.
Once
Doorify MLS receives information on a home from a broker, they input the data from sources like FiberHomes,
which is a platform that connects fiber broadband providers with the real estate industry. FiberHomes certifies fiber availability
to the address provided to help local real estate agents and brokers reach new movers. Seeing where fiber is and where fiber will be deployed
in the future is crucial when home shopping. FBA’s 2023 research showed
that fiber brought 4.9% in home value, condo value increased by 3.2%, while rent is about 12.8% higher with fiber.
Fiber Broadband Driving Home Sales and Value Not only does fiber increase the power and capability of the home, but it also adds to the overall value of the real estate and its ability to be sold more quickly as buyers look for reliable high-speed broadband for work-from-home, telehealth, gaming,…
fiberbroadband.org
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