Habitat preservation and restoration: Do homebuyers have preferences for quality habitat?

R. H. Bark, D. E. Osgood, B. G. Colby, G. Katz, Juliet Stromberg

Research output: Contribution to journalArticlepeer-review

34 Scopus citations

Abstract

This research examines homebuyers' preferences for nearby riparian habitat, an important issue because quality riparian habitat competes for water resources with other activities in semi-arid regions and because federal and local governments allocate significant resources to riparian habitat preservation and restoration plans. Riparian vegetation surveys comprising comprehensive measures of the ecological characteristics of riparian habitat were completed in the metropolitan Tucson study area and the data incorporated into a hedonic analysis of single family residential house prices. The results indicate that high quality riparian habitat adds value to nearby homes and that instead of indiscriminately valuing "green" open space, nearby homebuyers distinguish between biologically significant riparian vegetation characteristics. This research also suggests that it is worthwhile to account for the heterogeneity of natural amenities in hedonic analysis. Furthermore the results suggest that riparian preservation and restoration programs are more likely to receive public support if they incorporate features that are preferred by nearby homeowners. Our study's results show that household preferences for existing riparian habitat match features of the ecologically-functional riparian habitat envisaged in a recently funded joint federal-city urban riparian restoration project in Tucson, Arizona.

Original languageEnglish (US)
Pages (from-to)1465-1475
Number of pages11
JournalEcological Economics
Volume68
Issue number5
DOIs
StatePublished - Mar 15 2009

Keywords

  • Environmental amenities characteristics
  • Preservation
  • Restoration
  • Valuation

ASJC Scopus subject areas

  • Environmental Science(all)
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Habitat preservation and restoration: Do homebuyers have preferences for quality habitat?'. Together they form a unique fingerprint.

Cite this