Tag: "real estate"

Posted August 20, 2019 by lgonzalez

Multiple studies in recent years indicate that properties with fast, reliable Internet access sell faster, bring in a higher price, and are in demand by potential buyers. Properties with slow or no Internet access languish. In Colorado, where the market is competitive and broadband is available in a good portion of the state, organizations like the Colorado Association of Realtors play an important role in protecting property owners rights. This week, Vice President of Government Affairs from the Association Elizabeth Peetz stops in to talk with Christopher.

Colorado is taking positive approaches toward expanding broadband in both funding and in policies that encourage deployment. Liz talks about how the Association has become involved in legislative advocacy and how broadband has become one of their priorities. She describes how the Association has weighed in on policy changes to help ensure the rights of property owners. Liz discusses collaboration at the Capitol to reach a common goal and Colorado’s investment in funding, especially in rural areas.

Christopher and Liz also talk about what people can do to let their elected officials and community leaders see the strong link between real estate and broadband policy. Allowing the market to function as it should can make a huge difference.

Learn more about the Colorado Association of Realtors at coloradorealtors.com.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

This show is 24 minutes long and can be played on this page or ...

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Posted November 6, 2017 by lgonzalez

After a long and arduous process, the folks in Mount Washington, Massachusetts, were finally able to light up their publicly owned fiber optic network last week. According to resident and Select Board Chair Eleanor Tillinghast, “We are thrilled. We’re going to be the envy of everyone.”

It's Finally Here

As we reported last month, the community was eagerly anticipating the opportunity to finish up the last steps to begin connecting subscribers from the town's 146 premises. Approximately 100 are connected and will take services from local Internet service provider Crocker Communications. In addition to providing Internet access, the ISP will handle billing for the city, provide 24/7 tech support for subscribers, and monitor the network. The infrastructure will be maintained by the company that built it for the city, NextGen Group. Mount Washington owns the infrastructure.

Gigabit connectivity is available, but most subscribers have opted for 500 Megabits per second (Mbps). All speeds are symmetrical, which makes Mount Washington’s network valuable as an economic development tool. Community leaders are already seeing in increase in real estate transactions that they relate to the new network. “People may have ruled Mount Washington out before,” Select Board Member Brian Tobin told the Berkshire Edge. “But we just catapulted ahead of other towns in terms of amenities.” As a potential quiet retreat for New Yorkers located in the Taconic Mountains, Tobin and Tillinghast expect to lure more urbanites who want to work remotely for part of the week. Tobin also has a Manhattan apartment and says that his Internet access speeds in the city are only about 117 Mbps download with slower upload speeds.

A Long Process That's Paid Off

Up until now, many of the community’s residents relied on expensive, unreliable satellite Internet access. The remote nature of Mount Washington kept incumbents from investing in cable and only a few had access to DSL. In 2013, the community formed a broadband working group and began...

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Posted June 24, 2017 by lgonzalez

Tenants often don’t know what level of Internet access they can expect in a new office location or home until they are already committed to moving in. Boston aims to change the unpredictability and improve the city’s connectivity by working with WiredScore to establish a Broadband Ready Building Questionnaire as part of the city’s planning and development review process.

Thinking Ahead For Better Development

Boston Planning & Development Agency (BPDA) and the city’s Department of Innovation and Technology (DoIT) have entered into a Memorandum of Understanding with the company. The questionnaire will apply to new projects, planned development areas, and institutional master plans and will be used to assess a project’s impact on matters such as transportation, access to public spaces, environment, and historic resources. The questions will also serve to obtain public feedback.

WiredScore has developed Wired Certification, an international rating system for commercial real estate that offers several levels of building certification based on quality of connectivity. A high level of certification is not based solely on one provider that offers high capacity connectivity to a building. There are a number of factors that determine which level of certification applies to a WiredScore ranked facility.

Specialized For Boston

Boston and WiredScore developed a unique questionnaire that addresses the issues they consider most relevant. In addition to rights-of-way and entry to the building, the partners ask specifics about telecom rooms, delivery of service within the building, and the accommodation of future innovative technologies. They also ask property owners about ISP providers at the address and whether or not tenants have choice.

With better information, commercial and residential tenants can choose a home that fits their needs. According to Christopher:

One of the many problems with Internet access is the lack of reliable information about services at a given location. This agreement between Boston and WiredScore is a step in the right direction - better ISPs thrive in sunlight while the biggest cable and telephone companies rely on ignorance and monopoly.

Developers are not required to pursue certification, and the questionnaire isn’t mandatory. This long-term approach is an inexpensive way for...

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Posted June 5, 2017 by lgonzalez

Celina, Texas, recently started its journey toward publicly owned Internet infrastructure by adopting a smart, forward-thinking conduit ordinance. The decision to adopt the new Easement Ordinance is part of the city’s long-term vision to bring gigabit connectivity to businesses and residents.

Developers' Contribution

The new policy requires developers to install conduit and fiber-optic cable in underground excavation within the city limits. Developers pay for the installation and then convey the assets to the city. In order to reduce the need for excavations and cut costs, Mount Vernon, Washington, passed a similar ordinance years ago as they developed their network. Up to 90 percent of costs associated with underground deployment are often due to the excavation rather than materials; smart dig once policies like Celina's saves public dollars.

Internet service providers who wish to offer connectivity in the areas where city fiber and conduit exist will be required to use available dark fiber from the city, rather than deploying their own infrastructure. The ordinance does allow the city provide exceptions in order to promote competition and reduce any barriers to entry for new ISPs.

Before the city council unanimously voted to support the new ordinance in May, they took feedback from the community. According to the Celina Record, several local developers expressed excitement over the Gigabit City Initiative, but weren’t as enthusiastic about the ordinance. Their main concern was how the new rule would be implemented.

They have reason to be excited about the potential to add Fiber-to-the-Home (FTTH) connectivity to their new properties. In 2015, the Fiber To The Home Council’s study determined that FTTH access can add up to $5,437 to the value of a $175,000 home.

Residents Require Something Better

Scott Stawski of the Celina Economic...

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Posted May 6, 2017 by lgonzalez

In 2004, about 90 percent of multi-tenant company-owned buildings were not connected to fiber for connectivity. In April, Vertical Systems Group revealed that in 2016 that number had dropped to 50.4 percent. The results underscore the fact that businesses understand the importance of fiber as a basic commercial amenity and strive to obtain it in their own facilities.

“Fiber footprints have been highly valued assets in nearly every merger transaction in the industry during the past two years. The density of fiber lit buildings on-net and geographic reach are significant competitive differentiators,” said Rosemary Cochran, principal at Vertical Systems Group. “For 2017, network providers report that fiber footprint expansion is the top factor that will drive Carrier Ethernet growth and support rising demand for other gigabit-speed services.”

In addition to data transport and online commerce, companies need high capacity and reliable connectivity to share files with potential partners. Depending on the type of work they do, transactions may depend on split second data delivery, which only fiber can provide.

As an increasing number of communities consider investing in fiber-optic networks, economic development is often cited is their first consideration. Without fast, affordable, reliable connectivity readily available, companies looking to relocate will move on and take jobs with them.

 

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Posted March 2, 2017 by lgonzalez

Not everyone’s American dream involves owning a single-family home but most of us DO want high-quality Internet access in our household. In major metropolitan areas, apartment renters are more likely to have cable and some are lucky enough to have Fiber-to-the-Home (FTTH). It’s only been recently, however, that owners of multiple dwelling unit buildings (MDUs) have really started to appreciate how fiber-optic connectivity, especially the gigabit kind, can add value to their investment. Now, a pair of MDU developers in Vermont will be the first to offer gigabit connectivity in the state to their renters and they’re choosing Burlington Telecom (BT) to provide the service.

The Gold Standard

“Fiber optic networks are fast becoming the gold standard both at work and at home, so it was important for us to have Burlington Telecom for this project.” says Jacqueline Dagesse [one of the developers], “Including Gig internet as an amenity offers our tenants instant access to the fastest, most reliable connectivity available without the hassles of signing up for service, waiting for an installer or committing to long-term contracts.”

The 27-apartment building is located in downtown Winooski, a town that borders the city of Burlington. The exercise facility in the building will also be a Wi-Fi hotspot. In addition to offering gigabit connectivity, the developers wanted to include various energy efficient amenities that would promote sustainability. The building will open this summer.

It Adds Up

MDUs with FTTH bring higher rents and a higher purchase prices for condos or units that are owned by residents. According to research by RVA, LLC, and reproduced in a neat graphic by the FTTH Council, almost 30 percent of people in the U.S. live in MDUs and FTTH connectivity can increase renters net income by 11 percent. This may be the first gigabit access apartment building in Vermont, but it won't be the last.

Posted January 17, 2017 by christopher

From our research, we believe the municipal fiber-optic network in Wilson, North Carolina, has the best low-income Internet access program in the nation. Called Greenlight, the fiber network has led to job growth and been a financial success. And now it also offers $10 per month 50 Mbps symmetrical Internet access to those living in housing units owned by the public housing authority.

Greenlight General Manager Will Aycock is back again to tell us about this program and is joined by two additional guests: CEO and President Kelly Vick from the Wilson Housing Authority and Wilson Communications and Marketing Director Rebecca Agner. 

We discuss how the program was created, how it is funded, and how it is impacting the community in addition to public reaction to it. Wilson continues to set a higher bar for what a community can expect when it builds its own network and seeks creative ways to improve opportunity for its businesses and residents.

Read the transcript for this show here.

We want your feedback and suggestions for the show-please e-mail us or leave a comment below.

This show is 23 minutes long and can be played below on this page or via iTunes or via the tool of your choice using this feed.

You can download this mp3 file directly from here. Listen to other episodes here or view all episodes in our index.

Thanks to Admiral Bob for the music. The song is Turbo Tornado (c) copyright 2016 Licensed under a Creative Commons Attribution (3.0) license. Ft: Blue Wave Theory.

Posted January 4, 2017 by lgonzalez

The FTTH Council recently released an infographic that puts fiber connectivity and multiple dwelling units (MDUs) into perspective. Given that a large segment of the U.S. population lives in apartments and condos, the data applies to a many people.

For years now, studies have shown that Fiber-to-the-Home (FTTH) raises property values and can make or break a home sale. According to RVA, LLC, who surveyed MDU residents in the United and States and Canada, owners who purchase a home in an MDU are willing to pay $8,628 more for a $300,000 home. Renters are willing to pay $80 per month more on a $1,000 per month unit that has FTTH.

For more facts on fiber in MDUs, check out the FTTH Council infographic, which they allowed us to share with you:

FTTHMDUS.jpg
Posted December 14, 2016 by htrostle

Thinking about moving? High-speed Internet service and safe streets probably top your list of desired new home features. High-speed Internet access was second only to “safe streets” in choosing where to live, according to a 2016 survey from Fiber to the Home Council (FTTH Council).

Nearly all the respondents (98 percent) valued “safe streets” as “very important”, while 91 percent of all the respondents considered high-speed Internet service as “very important” in choosing where to live. The survey also noted that respondents with Fiber-to-the-Home (FTTH) are far more satisfied than those with cable or DSL connections. 

Connectivity Has Value

This comes as no surprise considering the value added by great connectivity. From accessing bank accounts to communicating with teachers, families need reliable, high-speed Internet service for many common tasks these days. FTTH brings fiber directly to the home, ensuring that everyone there has a fast, reliable connection.

FTTH Council’s 2015 report highlighted how FTTH increases home values by more than $5,000, nearly the same amount as installing a new fireplace. Broadband Communities magazine found that FTTH also improves the value of apartment buildings.

An Ongoing Trend

Comparing the FTTH Council’s recent survey results with the American Planning Association’s 2014 report, it is obvious that high-speed Internet access continues to grow in importance.

When asked about high priorities for metro areas, Active Boomers cited high-speed Internet access and affordable housing equally at 65 percent each, which was second only to safe streets (79 percent). Millennials ranked internet service third with 58 percent; safe streets cited first with 76 percent and affordable housing cited second with 71 percent. Generation Xers also ranked Internet service third with 51 percent; safe...

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Posted February 3, 2016 by lgonzalez

Community leaders in St. Louis Park, Minnesota, are taking advantage of growth in apartment and condominium developments to "till the soil" for better residential connectivity. One of the smartest things a community can do to improve connectivity is prepare an environment that encourages high-speed connectivity infrastructure investment. As developers erect new buildings, the city is working with them to develop internal wiring standards and conduit installation standards for high-quality Internet access within and to their buildings.

Developers Understand The Value

The city of approximately 45,000, located immediately west of Minneapolis has not adopted any formal building code language, but has negotiated broadband readiness specifications with several new multi-dwelling unit building developers. Savvy developers realize that high-speed connectivity is now a basic utility that tenants demand.

Loma Linda, California, implemented a similar approach when it passed an ordinance concerning wiring codes for its Connected Communities Program in 2004. New development and remodels that involve more than 50 percent of the structure must include internal Fiber-to-the-Home (FTTH) wiring. Developers, recognizing the increase in value of properties wired for FTTH, have embraced the practice.

A Goal to Better the Community

The effort is St. Louis Park's intention to turn the city into a "technology connected community," and is part of St. Louis Park City Council Goals & Priorities. The city and the developer begin with basic language and the parties make changes to accommodate the unique needs of each development:

Broadband Readiness

Redeveloper shall install at its cost dedicated wired connections from each building’s telecommunications point of presence to each internal wiring closet, thence to each living and working unit. Each living and working unit shall have a minimum of two (2) connections, each capable of supporting at minimum a one-gigabit connection.

To provide for future high-speed broadband service, the Redeveloper shall install at its cost one empty 2-inch conduit from within a new or existing handhole in proximity to its existing telecommunications services, typically in public Right-of-Way, (Point A) to a point of presence...

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