Buying a home pays back you more when it is located around a good public transport system. That’s because it can be less burdensome and cheaper to take a train or bus than to drive. Not only to drive, but it’s even easier to get fuel, maintain and insure a car.
That’s not the only reason to live near a bus or train stop. Several recent types of research state that, public transportation often increases the value of your home. Hence, while looking for a home, you should check everything from mass transit services to proximity. Amber Sea is an excellent example when it comes to transit assistance. There are various imperial stations located in the vicinity. The Tanjong Katong MRT station is located within the walking distance from its unit.
According to the American Public Transportation Association and National Association of Realtors (NAR)-
- Homes near a neighborhood of public transportation had around 4-24% high median prices of sale between the years 2012 to 2016.
- An overall increase of value has been observed per square foot of land.
- The transportation costs are much lower in these areas. Homeowners can save around $2,500 to $4,400. All credit goes to good transportation in the area.
- In these areas, one in every four people doesn’t own an automobile.
- Analyzing the benefits-
Homeowners buying a home near great transportation do accumulate higher equity gains. In addition to this, easy access to activities and destinations is a really important factor while checking a home to buy. Via greater transit, they have greater access to jobs. Most of them do not need to own a car and you must know about the fact, that the higher the availability, the lower the cost is. So, living in a good transit-oriented neighborhood can lower your transportation expenses due to less fare cost. Moreover, you save money on your fuel, maintaining and keeping yourself away from driving hassle till the destination.
Be it a subway, bus line, and light rail. Commuting to work and other places is anyways cheaper when you go by public transit rather than your car.
- Can you benefit?
Many house seekers keep these benefits in their minds while searching for a perfect house.
Do you want to better ensure that the closeness of your home to public transport can increase its overall value over time?
If yes, then just be ensuring about the proximity- today or in the future.
Amber Sea residences is only 400 meters away from Tanjong Katong MRT station, which will take only 5 minutes of yours to reach there. At a distance of 750 meters, there is Marine Parade Station.
So, if you are looking forward to benefitting yourself from such great transit availability then, you can visit Finest Services to have a complete map of its environs. Once, you are done with your decisions you can register yourself just in a few clicks and book a show flat appointment for you.