If you are the head of your local homeowners’ association or a developer designing a new neighborhood, including plans for a playground is a wise investment. Playgrounds and recreation spaces benefit your area by attracting quality tenants and homeowners, increasing property value, and enhancing the quality of life for families.
May Recreation works with housing developers , contractors, property managers, and HOAs by offering high-quality commercial playground equipment for residential neighborhoods. In this blog, we’ll share why adding a playground to a new, or existing, neighborhood is an essential step to creating a vibrant community.
1. Appeal to Families
Families are frequent tenants of apartment complexes, single-family homes, and other residential properties. Families often represent stability in a neighborhood and tend to maintain their residency for more extended periods. Property managers and housing developers know families are good for the housing business.
One sure way to appeal to families to your residential development is by providing a place where they can play, socialize, and exercise. Even a small play system will entice a a family to choose one neighborhood over another.
2. Playgrounds at Apartment Complexes Offer a Sense of Community
A single apartment complex may be home to hundreds of people, but these days just sharing a wall doesn’t immediately mean people get to know one another. By creating an outdoor gathering space such as a playground, you will encourage people from all walks of life to forge friendships and develop a true community. When apartment neighbors know one another, they look out for each other.
3. Playgrounds Increase Property Values
The American Planning Association reviewed 25 park studies; nearly all of them revealed parks, playgrounds, and other outdoor recreation spaces directly contribute to increased property values. Another study found home values increase based on their proximity to parks and playgrounds. The clear takeaway - the closer you live to a playground, the more valuable your home may be.
4. Playground Equipment is a Sound Investment
The National Association of Realtors found in a survey that half of homebuyers would be willing to pay 10% more for a home near a park or playground. The National Association of Homebuilders estimates the median number of homes in new developments is 50. The average price of a new home in America is currently $400,000.
The translation: developers who invest in a playground stand to realize an additional one million dollars in sales per average new housing project.
5. Playgrounds Encourage Health and Wellness
A multitude of studies show children and adults who engage in regular physical activity have fewer long-term health issues. Playgrounds at apartment complexes and housing development playgrounds offer a local, relatively safe space for families to play and be active. The Centers for Disease Control and Prevention estimates 30 minutes of physical activity per day can reduce the risk of overweight and obesity, along with the health hazards related to a sedentary lifestyle.
To learn more about the playground options for your upcoming housing developments, contact May Recreation.