You've likely heard about the massive benefits that green space can have on your health and well-being. City life can be stressful, and few things can help relieve day-to-day stresses better than spending some leisure time outdoors or playing your favorite sport. In addition, it has been shown that green spaces help purify the air, keep cities cooler in hot weather, and positively influence the health of children. But did you know that it can also improve home values? Having nearby parks, trails, and sports facilities is becoming more and more desirable for Texas homeowners, and this demand can be seen in Pearland and Friendswood's exciting new development initiatives.
Pearland will dedicate almost $17 million dollars to the development of parkland and trail systems throughout the region, and progress is set to begin this year. Friendswood, by contrast, will spend over $8 million improving park access in the community. Friendswood's population is less than half of what Pearland's is, so the impact each allotted amount will make on their respective community is quite similar.
Clay Pearson, who has been the city manager of Pearland since March 2014, has emphasized his support for this project. Pearson cited the economic and health related advantages that proper community planning can have on residents. As a result of these park expansions and developments, communal spaces will improve the overall atmosphere of local neighborhoods and enrich social capital.
Extensive Economic Advantages
Of course, financial and intangible benefits are not the only positive effects that the parks and recreation investments will bring. In 2015, The National Recreation and Park Association (NRPA) published a report on the economic merit of parks across the United States. Their findings looked at community and regional parks nationwide and showed that these spaces produced $140 billion in economic activity during 2013. They also found that public parks in general were the source of over $200 billion in economic activity yearly.
Such success can be seen at the state level too. According to NRPA, "operations and capital spending at local and regional parks" in Texas alone generated more than $6 billion in economic activity in 2013. That same spending also sustained more than 51,000 jobs in Texas that year. It's easy to see that furthered investment in Pearland and Friendswood's park systems will have an encouraging impact on the local population and economy. NRPA's research shows that investment in our parks not only improves the quality and standard of living in communities, but provides fantastic jobs and a measurable economic boost.
Good News For Property Owners
Of course, all of this has an effect on the real estate industry as well. Property values are likely to increase as neighborhoods become more desirable and in-demand. In addition, retirees and skilled professionals are likely to be drawn to these clearly well-developed areas. The employment opportunities and prosperity that go hand-in-hand with park improvement can also increase interest in Pearland and Friendswood, making property here that much more attractive.
Are you ready for big changes to Parks and Recreation in Pearland and Friendswood? Share your thoughts with us in the comments below! If you're thinking of selling your home and are wondering how these initiatives might affect your property's value, contact us today.