Google Fiber is the future of “super fast Internet.” The service, now available in select areas only, promises a 1,000 megabits per second Internet connection. With that kind of speed, downloads are instant. On top of an extremely fast Internet connection, Google will also offer users more than 150 TV channels and “tens of thousands of shows and movies on demand” through the Fiber service, according to the company’s official webpage. So what?
Google Fiber has the potential to change more than people think. In 2014, “The Starbucks Effect,” the tendency for “the value of homes within a quarter-mile of a Starbucks rise faster than those that aren’t,” according to CNN, went viral. Local real estate agents and those investing in rental property predict that Google Fiber may be the next Starbucks.
Young Renters And Home Buyers Expect Google Fiber
The widespread expansion of Google Fiber is still in the works. For example, it won’t come to Charlotte, North Carolina until 18 months from now, a May 21 article in the Charlotte Business Review reports. Even so, students and young Americans living in apartment buildings in Charlotte are already demanding the service — and it’s only a matter of time until it’s a sought after feature in Outer Banks beach real estate for sale.
Avoid Costly Business Deals
With this in mind, it is absolutely critical for anyone looking to profit from investing in luxury homes, real estate, or rental property in North Carolina or real estate across the nation to avoid lock-in business deals. Many providers, such as Time Warner Cable and Comcast, sign contracts with builders, guaranteeing a mutually beneficial relationship for years. Experts advise against doing anything of the kind, and, in fact, many agree that is even worth it to front the extra cost of installing an additional conduit in new homes.
Investing in rental property and/or real estate can be a tricky business. Many predict that Google Fiber will be the impetus that creates the next Starbucks effect. Do what you can to keep your options — and the options of future residents or buyers — open. For more, read this link.