Subdivisions With Protected Open Space Are More Profitable, Study Shows

A new study out of Colorado State University suggests that suburban homebuyers are willing to pay more for a house in a subdivision that includes protected land.

The research, which compared 205 Colorado “conservation development” subdivisions to conventional subdivisions with a similar overall density, found that homes in the former sold for an average of 20 to 29 percent more than homes in the latter.

The study’s authors hope that these results will spur more developers to set aside land for wildlife conservation. “In addition to the market benefit of including conservation land in developments, developers may save on construction costs,” Bendix Anderson points out. “That is because clustering homes closer together can reduce the amount of infrastructure needed to develop a subdivision.”

The Colorado study confirms what other surveys have already shown. In 2008, for instance, 90 percent of homebuyers questioned by the National Association of Realtors indicated that “environmental features are important” to their decision to purchase real estate.

Full Story: Land Conservation Boosts Home Values in Western Subdivisions


building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!

NEW! Get the "Green Bible"

Understand the complexities of planning at the local level while preparing for the AICP* exam. Find out why this edition is included in the APA's recommended reading list.