With the influx in gas prices, it’s getting more costly to drive your car to work, especially those living in the suburbs commuting to the city and vice versa. And higher gas prices mean higher-priced tickets for the bus and train, too. The Chicago Tribune has a new article about a great new program to benefit commuters. I am highlighting some of the main points below.
There’s a Chicago organization called the Metropolitan Planning Council that is piloting a program called Commute Options. What they’re hoping to do is recruit 10 to 15 employer this year that would offer their employees incentives to reduce the cost of commuting to work. Right now a lot of affordable homes are in areas where there doesn’t happen to be a lot of job openings.
According to a council spokesperson, “A lot of communities where people can afford to live in our region are not the places where there’s a thriving job market. In order to bridge that gap, we’re working with employers to give employees some options.”
So this is important information that can also benefit home sellers. If you live within 2 minutes to a highway or are a 2-minute walk to the Metra station, you definitely want to highlight that in your home listing. More and more people find commuting information as important as the number of bedrooms in a home or what type of flooring there is.
The article also mentions a recent survey of Coldwell Banker agents. 75% said the increase in fuel prices has led their buyers to adjust their thinking on where they want to live. More and more want to be closer to work or in a location that work is easily accessible and affordable.
So sellers need to make sure their Realtor knows all the information about public transportation that’s close as well as proximity to highways and major roads. It’s important to highlight.
I hope everyone had a nice holiday weekend. I can be reached via my Web site.