You may have or be about to invest tens of thousands of dollars into renovating your unit because the bathroom and kitchen was designed and outfitted in the 1980s or 1990s. What about your communications infrastructure which is just as old and obsolete? If you want an up-to-date lifestyle or want to make your unit attractive to renters or buyers, you need to upgrade your Internet connectivity.
Fiber connections make condominium units easier to sell or rent – in fact, according to a recent survey by market research firm RVA LLC, buyers of houses and condominiums are willing to pay a 3 percent premium for a fiber-connected unit, and renters are willing to pay an 8 percent premium.
It is clear that fiber networks enable hundreds of thousands of individuals to work from home, adding tens of billions of dollars annually to the U.S. economy.14 In addition, fiber connectivity adds between $5,000 and $6,000 to the value of a $300,000 home in the United States.