The Fiber Bump That Will Increase the Value of Your Home
February 10th, 2021
There are countless things that can impact the value of your home. Some of them are obvious, like ditching that shag carpet from the 70s and updating your old cabinets and appliances. But did you know that access to high-speed fiber Internet can add an average of 3.1% to your home value? A study conducted by researchers at the University of Colorado and Carnegie Mellon University used data from home sales, census data, and information from the National Broadband Map to determine the impact of fiber-optic Internet access on home prices.
Having the right connections
Fiber optic cables are the fastest communication technology on the planet. With UTOPIA Fiber you can reach speeds 30 times faster than the average internet connection. Plus, you enjoy the same fast-as-light performance for parallel download and upload speeds. Check out our UTOPIA Fiber Difference page to see all the benefits fiber-optics can provide.
Fast Internet means so much more than just connecting to Netflix these days. It’s necessary for everything from remote work to connecting with your grandma via Zoom. Now that everyone is beginning to understand the value of reliable, high-speed Internet, they’re willing to invest more in order to get it. This means that a fiber connection or fiber availability at your home can be a significant selling point when it’s time for you to sell. And fiber isn’t just crucial for technologically savvy people; it is an attractive feature for small business owners, telecommuters, and families.
The value of fiber
Fiber capability can help your home stand out from the rest. Studies have found that high-speed fiber broadband services, with 1 Gbps or higher download speeds, can add more than $5,400 to the value of an average home in the United States, according to a study done by the fiber to the Home Council Americas (FTTH). That adds as much value as adding a new fireplace or a half bathroom to your home would! This added value can raise the value of your home by more than 3 percent. And, you don’t even have to pick up a paintbrush or demo your kitchen to get it!
Sign up for UTOPIA Fiber
UTOPIA Fiber offers speeds up to 10 Gbps and a dedicated connection to your home in 15 cities throughout Utah. To take advantage of this value, check out our availability maps and see if your area is available to sign up today!