How Fiber Internet Boosts the Real Estate Value of Your Property

 

 

 

Fiber internet has redefined the way people access the internet. It has made it possible for people to have a fast and reliable connection that other internet options, like satellite, DSL, and cable, cannot provide. But aside from delivering exceptional speeds, did you know it can also increase the real estate value of property nowadays? 

In this article, we'll dive into how fiber internet influences the price of your property. Let's begin!

What Is Fiber Internet and What Makes It Special?

Fiber internet is the latest and most advanced type of internet technology. It uses fiber-optic cables to deliver data at incredibly fast speeds, making it perfect for online gaming, video streaming, and other bandwidth-intensive activities as it can deliver up to 1Gbps. What makes fiber internet even more amazing is that it doesn't slow down during peak hours as other internet options do. That's because it has a dedicated connection that is not shared with anyone else.

How Does Fiber Internet Add Value to Your Property?

According to the Fiber Broadband Association’s study, having fiber internet access to a home can increase its value by up to 3.1%, which is the same value as adding a new fireplace or half bath in the property. While it might not make sense at first, you need to recognize that many people are now heavily reliant on high speed internet. 

We use the internet to work, study, watch our favorite shows and movies, order food, and more. It plays a significant factor in our everyday lives, making many things easier and more convenient for us.  And because of that, we are now more willing to pay for a home that can provide us with a fast and reliable internet connection. 

Not only does fiber internet make our lives more convenient, but it also helps boost productivity.  Many studies showed that having fast and reliable internet speed in both homes and businesses can significantly increase productivity. That's because people can get their work done faster and without any interruption. And if you have a property that can provide that, then you are in a good position to ask for a higher price for it.

It’s also worth noting that fiber internet provider is not really a big deal for many property buyers. So, regardless if your house is connected to Google Fiber, Spectrum, or AT&T, you’re fine. 

Other Advantages of Fiber Internet for Homes and Businesses

Aside from potentially increasing the sale price of your home, there are other reasons why having fiber internet is advantageous. Check out these factors:

1. Cost Effective
Contrary to popular belief, fiber internet is not that expensive. In fact, it can be more affordable than other types of internet connection, like DSL and cable, as you don’t need to worry about exceeding your data limit or paying for overage fees.

2. Better Security
Fiber-optic cables do not produce electromagnetic interference, which keeps hackers from accessing confidential data on your network. Therefore, everything you send and receive over the internet is encrypted using ciphertext and cannot be decrypted without a unique key.

3. Advanced Technology
Fiber internet is the latest type of internet technology. So, if you have it in your property, you are essentially future-proofing it. This means that your home or business can take advantage of any new and upcoming technological innovations in the future.

4. Fast Download and Upload Speeds
One of the main reasons why people are willing to pay more for a property with fiber internet is because of the fast download and upload speeds it offers. With this type of internet connection, you can download files in seconds and stream high-definition videos without any buffering.

5. Low Latency
Another advantage of fiber internet is that it has low latency or delay. This means that there is minimal to no lag when you are gaming, streaming videos, or doing other bandwidth-intensive activities online.

Final Thoughts

If you're planning to sell your property soon, then having fiber internet installed in your home can help you increase its value and make it more attractive to potential buyers. But even if you're not selling, fiber internet can still be beneficial as it offers a number of advantages, like fast speeds, low latency, and improved security. So, if you're looking for a better internet connection for your home or business, then fiber internet is definitely worth considering.