Open Spaces

We found this WSJ article interesting and thought you, our reader, might also. One of our premier communities, Turning Leaf, is a great example of how homes with wide open spaces are becoming more and more attractive to consumers.

Call it the flora-and-fauna effect: Home buyers will pay a premium to live near open, undeveloped land. So much for good neighbors.

That’s the conclusion of a Colorado State University study of home prices in conservation developments, where residential real estate is limited and a substantial amount of land, usually 50% to 70%, is set aside as open space. “That could mean wildlife habitats, agricultural lands, important cultural sites, open space for scenic vistas,” says Sarah Reed, co-author of the study and associate conservation scientist with the Wildlife Conservation Society.

Read the full article at the Wall Street Journal here.