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A Premium on Parks
April 14, 2014

In a study by Miller et al., a retiree sample was asked to review 14 features and indicate their importance in the decision to move. The first two in rank order were scenic beauty and recreational opportunities.

The National Association of Home Builders found that 65 percent of home shoppers surveyed felt that parks would seriously influence them to move to a community. A survey by the National Association of Realtors (NAR) revealed that 50 percent of voters would be willing to pay 10 percent more for a house located near a park or protected open space. A study in Active Living Research estimated that the average household living half a mile from open space would be willing to pay $4,104 more for a home to live a quarter mile closer to the open space. Value increase to homes located within 1,500 feet of the following types of parks according to the American Planning Association.

                Natural Areas $10,648
                Golf Course $8.849
                Specialty Parks $5,657
                Urban Parks: $1,215

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The Greater Hattiesburg Home Builders

The Greater Hattiesburg Homebuilder Association, a chapter of the National Association of Home Builders, serves licensed builders, associates of the construction industry, and consumers in Marion, Lamar, Forrest, Covington and Perry counties. Our association focuses on formal builder education (MSBOC licensure and CPB certification), informing builders of market news,and giving builders the tools to respond to prospective legislation through our state counterpart, the Home Builders Association of Mississippi.

Membership in our association keeps builders accountable to consumers. The Greater Hattiesburg Home Builders Association is the name consumers trust when they look for a contractor.