A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The effect of quality of parks on neighboring property values
Using hedonic pricing technique, this study measures the effect of proximity to parks and park quality on house valuesin Tallahassee, FL. When all other structural and neighborhood attributes were equal, the expectation was that homes in close proximity to quality parks will be more expensive than homes at a distance. In order to account for the quality of the park, cleanliness, landscaping, available spaces, amenities, and safety were incorporated, which assumes that the higher parks rate on these criteria, the greater the value of neighboring homes. The results highlight the potential impacts and provide insight to local governments when considering development of neighborhood parks. The coeffi cient on distance to parks was negative and statistically insignifi cant, meaning that close proximity to parks did not signifi - cantly increase home values. Among the park quality variables, cleanliness, landscaping, and amenities had negativecoeffi cients but not statistically signifi cant, suggesting that houses close to parks rated clean, with better landscaping, and providing amenities and safety had higher prices than houses farther away.
The effect of quality of parks on neighboring property values
Using hedonic pricing technique, this study measures the effect of proximity to parks and park quality on house valuesin Tallahassee, FL. When all other structural and neighborhood attributes were equal, the expectation was that homes in close proximity to quality parks will be more expensive than homes at a distance. In order to account for the quality of the park, cleanliness, landscaping, available spaces, amenities, and safety were incorporated, which assumes that the higher parks rate on these criteria, the greater the value of neighboring homes. The results highlight the potential impacts and provide insight to local governments when considering development of neighborhood parks. The coeffi cient on distance to parks was negative and statistically insignifi cant, meaning that close proximity to parks did not signifi - cantly increase home values. Among the park quality variables, cleanliness, landscaping, and amenities had negativecoeffi cients but not statistically signifi cant, suggesting that houses close to parks rated clean, with better landscaping, and providing amenities and safety had higher prices than houses farther away.
The effect of quality of parks on neighboring property values
LORENZO, ALFREDO B. (author) / RUBOTTOM, CHRISTOPHER (author) / GOMEZ, RUEBEN (author) / COSBY, FELICIA (author)
2016-09-29
Proceedings of the Florida State Horticultural Society; Vol. 120 (2007): Proceedings of the Florida State Horticultuarl Society; 316-319 ; 0886-7283
Article (Journal)
Electronic Resource
English
DDC:
710
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