Over the past 20 years, study after study has shown that proximity to natural areas, public parks and greenways increases the value of adjacent properties. The preservation of open space near a home and close access to public hiking and paddle trails are valuable selling points for which many buyers are willing to pay a premium. Public open spaces increase the value of nearby property.
For developers, the Haw River Trail presents an opportunity to enhance new or existing developments by creating access to open spaces, exercise trails and bike paths for their residents. These designated areas may also be also eligible for federal, state and local tax deductions.
For landowners on or near the river, allowing Haw River Trail access can enhance the resale value of your property by providing access to a regional trail system. In some circumstances, private landowners may also qualify for substantial tax deductions for participating in the Haw River Trail’s conservation and recreation efforts.