Link to Homebuyers Study
Highlights:
- According to new study, 90% of homebuyers prioritize fast reliable home internet and good cellular service when looking for a home.
- Nearly 8-in-10 homebuyers say 5G home internet makes a home more valuable.
- Three-quarters of
U.S. homebuyers say they need 5G technology even more when at home than when on the go. - Two-thirds of realtors say their clients more frequently sought information about access to broadband home internet (69%) and cellular service (66%) over the past year than before the pandemic.
“Reliable connectivity at home and on the go is more important than ever, as evidenced by its influence over what homebuyers look for in a home,” said
Fast cell service & home internet is a must have for homebuyers. In fact, 90% of prospective homebuyers say it is important that their new home have fast home internet and good cellular service. That makes connectivity a higher priority for homebuyers than proximity to good schools (64%), commute time (66%), modern appliances (86%), or nearby attractions and amenities (85%).
Pandemic Impact
- Prospective homebuyers say the coronavirus pandemic has made fast, reliable cellular (80%) and home (85%) internet service more important in their search for a home.
- Nearly three-quarters (73%) of prospective buyers say that given their need for bandwidth at home, they need 5G more at home than they do on the go.
- Two-thirds of realtors say their clients more frequently sought information about access to broadband home internet (69%) and cellular service (66%) over the past year than before the pandemic.
5G can boost home values
The overwhelming majority of those shopping for a home say access to 5G home internet (77%) and 5G cell network (75%) make a home more valuable. Realtors agree that home values are positively impacted by access to 5G home internet (75%) and 5G cell network (73%).
Homebuyers express excitement about 5G benefits including higher internet speed (90%), enhanced security (88%), simpler home internet setup (85%), more coverage in more places (84%), uninterrupted streaming (83%) and higher quality video calls (82%).
Verizon home internet offerings
Fios is currently available in several key metro areas in the northeast providing ultra-low lag home internet on the 100% fiber-optic network, which is up to 25 times faster than cable including fast upload speeds that are a close match to its download speeds. Verizon 5G Home Internet offers a wireless internet connection over our 5G Ultra Wideband network with ultra-fast speeds up to 1GB and is available in parts of 33 markets.* LTE Home Internet, a broadband connection over Verizon’s 4G LTE Network, is available to customers in 189 markets in 48 states. To help close the digital divide, affordable programs such as the Emergency Broadband Benefit and Fios Forward, help qualifying customers maintain connectivity with Verizon home internet.
Perks that go along with high-speed internet
For new homebuyers in a Fios market, for a limited time when you upgrade to Fios Gigabit Connection, our fastest internet, you’ll also get an Echo 4th Gen and Ring Stick-Up Camera, the latest in Amazon smart home devices, on us. New 5G Home customers get a Samsung Chromebook 4 on us so they can work, learn, and stream smarter right from home.** Customers who switch to LTE Home Internet will get
To find out what internet option is available at your address, visit verizon.com/home/.
Survey of
Survey of real estate professionals This poll was conducted by Morning Consult on behalf of Verizon between
*Max download speeds up to 1 Gbps, with typical download speeds of 300 Mbps. Typical upload speeds around 50 Mbps. Depending on location, uploads over 5G Ultra Wideband or 4G LTE. 4G LTE backup.
**Offer avail.
***Offer valid thru
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Media contacts:
david.weissmann@verizon.com
917.359.7215
@djweissmann
alex.lawson@verizon.com
908-635-0271
@ALawnC
Source:
2021 GlobeNewswire, Inc., source