Did you know that the work environment and community services can indirectly affect the value of your real estate assets?
Take for example, the recent labor agreements reached by the Massachusetts Nurses Association with six Steward Health Care hospitals across Massachusetts. Despite challenges such as understaffing and underfunding, these agreements aim to improve working conditions and patient safety. When essential services like healthcare improve, it enhances the quality of life in that area, potentially making it more desirable for residents.
What does this mean for Boston real estate? People tend to gravitate towards areas with solid infrastructure, which includes healthcare facilities, when looking for properties. If hospitals are functioning at an optimal level, it can positively impact property values in the surrounding neighborhoods.
Are we overlooking such external factors while strategizing for your real estate portfolio? It's time to rethink and consider the wider implications.
As a Boston real estate market expert, I can provide deeper insights into these potential gaps in your current real estate strategy. Connect with me, let's talk more about how vital services like healthcare can make a huge difference in your property values.
#BostonRealEstate #Boston #TurcoGroup #BostonRealtor #MoveMeToBoston
Healthcare Real Estate Advisor | Principal at Forte Real Estate Partners
2moKeep up the great work serving the the children in our community!!