Not only are smart growth communities good for your quality of life, they are good for your pocketbook as well. According to Market Acceptance of Smart Growth, a recent report by the EPA, smart growth communities not only see stable market prices over time, but they often see greater retail appreciation than the average suburban development. Given all the grim news surrounding the housing market over the past years, this is a welcome bit of news to add to the already long list of benefits of smart growth.
Smart growth – what was once the buzzword of the future has already changed the way our neighborhoods look, the way our communities interact, and the way our residents feel about the place they call home. Characterized by the centralized parks and open spaces, walkable lunch spots and coffee shops, and businesses within minutes of houses, smart growth communities encourage healthier lifestyles and a sense of community. Less money is supposedly spent on gas, less gas equals less emissions, and less emissions equals cleaner air. And of course, exercise increases as cars are kept parked in driveways and residents set off on foot or bike for their shorter commutes.