Parks can be highly beneficial to your residential property.  Both the residents of such property and other people from the environment can benefit a great deal from it. Tourists will find such a place attractive and will cause a rise in the value of the property.  

An open space in front of a residential property allows a free flow of natural air and this can be beneficial to the health of the residents.  It can lower air pollution too and become a source of income to both the owners of the close residence and even the government.

For a park to be that beneficial to all and sundry, the concerned individuals or government authorities needs to be ready to play their part. What does this mean? It means they need to be ready to take good care of the park to make it attractive to people before the park can become economically beneficial to all concerned.  The park must be well planned too and must be regularly maintained. 

The beauty of it is that the amount of money spent on the park can never be up to the revenue the individual or government will get from their investment in the park.  So, tending the park is always a good business venture and the residential property close to the park will enjoy part of the benefits. 

Best choice for home buyers

If you want to purchase a residential property for you and yours to live in, it will be a good deal if you can get such a property close to greenery, open space, or a park.  One of the many benefits is that it will increase the property tax revenue that you will get.  It will also boost the value of the property.

If you want to sell the property at a later date, you will also be able to sell at a higher price than you bought it. This is because there is large number of people seeking to purchase such a property. Proximity to a park will automatically boost the value of the residential property by up to 5%. This applies to every residential building 500-foot from the park; bear in mind that the 5% boost is a conservative value.

Best choice for new companies  

Many companies that want to establish a new branch in a particular area will want to find out how close the proposed location is to a park and other social amenities.  Such companies insist on closeness to parks since it will enable them to attract and retain top-level professionals as workers.

This means that the closeness of a residential building to a park will further bring the building close to that company, which will undoubtedly positively affect the value of the property.  Individuals residing close to the park will also have easy access to the companies for employment. So, everyone ends up benefiting from their proximity to a park.

Size matters a lot

While closeness to parks is truly highly beneficial, the ability of the park to attract all the benefits mentioned above depends a great deal on the size of the park. A small park will surely not have as much positive effect as a big park.  A big park can easily attract a lot of patronage and visitors. It can also bring in tourists from across the globe.

A park will contain series of amenities like restaurants, picnic tables, grills to encourage families to visit, bike tracks, arts and even walking paths. Additionally, parks always include safety amenities to safeguard the lives of visitors. The basic amenities are the items that keep the place populated and add value to the residential properties in its environs.

The amenities transform the parks into places of relaxation for all after long hours at work. Series of events can be held in big parks too, including athletic events, concerts, and festivals. This will bring more exciting activities to the area for residents in the vicinity to have unhindered access to entertainment.

Incomparable health benefits

As described earlier, parks can host great events that can get those who reside in the environment entertained.  Such entertainment can help to relieve stress a great deal and add more value to the lives of the residents. Stress and anxiety can lead to series of health complications, like high blood pressure and cardiac diseases.

It can also lead to depression, which can culminate in more serious issues. Access to the entertainment offered by a park can help to prevent any of the above problems, thereby boosting the quality of life of those residing in houses close to parks.

Entertainment offered by parks can keep the doctor away, thereby reducing the cost of healthcare.  Residing in a house close to a park can equally encourage the residents to take part in physical activities, like early morning jogging, etc.

The environment can be free from air pollution if there is a park around.  The carbon dioxide generated as a result of human respiration can be absorbed by plants in the park and the plants will release oxygen to the health benefit of the residents.

Aside from carbon dioxide, plants in the park can also absorb other chemicals that are harmful to humans, like ozone, carbon monoxide, sulfur dioxide, nitrogen dioxide, and several other particulates.  So, the positive impact of having a park close to your home does not end in the financial aspect, but also extends to the health aspect of things.

Solution to stormwater

Stormwater can have damaging effects on buildings, roads, and other structures. However, the ground in parks can absorb the stormwater with ease and the absorbed stormwater can further nourish the ground. Parks, therefore, make it easier for treatment plants to handle excess run water and household sewage since they are unpaved and permissible to stormwater.

Parks make it a lot easier for storm runoff more easily.  The vegetation on the park ground can even store some of the water and release some to the atmosphere via evaporation. Consequently, the cost of water treatment can reduce since the stormwater management.

The above should give you an idea of how very important parks can be. Governments and individuals should endeavor to build as many parks as possible because of the benefits described above.