Does fibre to the house add much to the property value?

Tigerandahalf

What value does FTTH add to the price of a house I wonder.
Is it worth an extra 10 or 20 grand on the asking price?

If you saw two houses you liked in an area would you be willing to pay a significant extra sum on the house purchase to be guaranteed a future proof broadband service.

Given how some big 4/5 bed rural properties may never get a decent connection some of the prices of these properties may be overvalued. I often see houses in rural areas for €300,000 plus and you have to wonder is quarter of an acre of a garden that much of a selling point.

I guess for some people it is not overly important to have the service.

I came across this Telegraph article which goes into it a bit.
http://www.telegraph.co.uk/finance/property/10673641/How-does-broadband-speed-affect-your-propertys-value.html

ItHurtsWhenIP

I've not read the article, but if there were two houses in an estate or a very close geographical area (<500m) and one had FTTH and the other didn't, I as a purchaser would investigate the fibre route to the properties and if it passed both, I wouldn't pay ANY extra for the one with FTTH, as a new install would only cost €100-€200.

If the fibre route terminated at one property and did not go anywhere near the other, I would look at VM, Imagine and FTTC offerings.

If none of the above were applicable, I might be willing to pay €1,000-€2,000 extra at this moment in time, but not more considering the NBP is in the offing.

Atlantic Dawn

Well it's like this, if the house had fibre and the one next door didn't and both were on sale at the same price someone would need there head examined to buy the house without it. Broadband is the next most important service to the house after electricity.

ED E

Anaheim, CA – During today’s FTTH Connect 2015 conference, the Fiber to the Home (FTTH) Council Americas released a white paper finding that access to fiber may increase a home’s value by up to 3.1 percent. Using the National Broadband Map and a nationwide sample of real estate prices from 2011 to 2013, the study’s authors investigated the relationship between fiber-delivered Internet services and housing prices. The boost to the value of a typical home -- $5,437 -- is roughly equivalent to adding a fireplace, half of a bathroom or a quarter of a swimming pool to the home.

From the states

I heard a Swede mention 5% before but cant find the reference right now.

ItHurtsWhenIP

Atlantic Dawn wrote: »

Well it's like this, if the house had fibre and the one next door didn't and both were on sale at the same price someone would need there head examined to buy the house without it. Broadband is the next most important service to the house after electricity.

Yeah, but if the Fibre connection was readily available to the one that didn't have it - €10,000 grand is crazy money for something that'll only cost €100-€200 to get.

Don't forget Fibre isn't distance limited as copper was, so if there is fibre available at the house, it will work (as long as there isn't some crazy Donald Trump wall or something in it's way :rolleyes:).

ThisRegard

ItHurtsWhenIP wrote: »

Don't forget Fibre isn't distance limited as copper was, so if there is fibre available at the house, it will work (as long as there isn't some crazy Donald Trump wall or something in it's way :rolleyes:).

Eir's eFibre is just fibre to the cabinet, correct? I was looking at the NBP map today and there's one small estate in which more than half is coloured blue, and on the same road the remaining houses are under the auspices of the NBP.

I know at least one house designated to be covered by the NBP can get eFibre up to 30, why is it covered by the NBP so?

ED E

eFibre/eFibre Ultimate = FTTC
eFibre Extreme = FTTH

Not clear to the public at all.

Special Circumstances

Be a tidy ol profit on a garden shed kitted out crap-caravan-without-wheels shtyle though!

Gadgetman496

Fast steady Broadband availability would be a major priority if I were ever purchasing.

It would only influence my decision to consider a particular property though, but not how much I would be willing to pay for the property.

If a property suited my needs and the seller was attempting to sting simply because it had reliable Broadband, I would dismiss it instantly and look elsewhere.

Tigerandahalf

I was talking more about buying in rural areas or in an area a mile or 2 outside towns.

A lovely house with a nice garden isn't much good if you have no guarantee re broadband provision.

The NBP is being delayed with every announcement and the government are only promising upto 30mbs which is just about good enough for now never mind in 5 or 10 years.

I see a lot of lads now working a day or two from home giving them a lot of flexibility.

Even from some mentions on this forum people have said that their own estates are divided with half connected to a fibre enabled cabinet and the rest aren't.

Surely the government should just do what they did when they electifried the country and string fibre along the esb poles. I'd imagine they will eventually have to do that anyway. I am sure a lot of rural residents would be willing to pay a surcharge for it.

That's what one community did, mentioned in the Telegraph article linked above.

Johnboy1951

Tigerandahalf wrote:

Given how some big 4/5 bed rural properties may never get a decent connection some of the prices of these properties may be overvalued. I often see houses in rural areas for €300,000 plus and you have to wonder is quarter of an acre of a garden that much of a selling point.

You are making a, most likely, false assumption.

All rural premises are to get broadband, and it is probable that those connections will be FTTH, with up to 1Gb/s speeds available.

Yes it will probably take a few years for some premises, particularly those furthest from population centres, but it will happen, as politically it is impossible for any government to renege on this now.

Buying a house as you describe is a long term investment.

The preferred method of delivering the NBP is FTTH from all three remaining bidders for the contracts.