Lately, statistics have shown that your home’s value can be dependent upon your proximity to the local Starbucks, Wegmans, Trader Joe’s or any other local grocery store or fast food location. According to Zillow, the things that increase your home’s value include good school districts and neighborhoods, larger square footage and the home’s closeness to local retailers.
Location, Location, Location.
The most recent data we’ve found shows that homes within a quarter mile of Starbucks had value appreciations nearly double that of homes that are further away. Meanwhile in Detroit, homes near a brand-new Whole Foods nearly DOUBLED in price! A RealtyTrac study showed that homes in the same zip code as a Trader Joe’s went up by an amazing 40% during a period when the average growth for the nation was only 34%.
In all fairness, what happens in other areas around the nation doesn’t necessarily apply to Rochester, but it certainly makes sense when buying a home to start thinking more about location! There’s a definite connection between property values and it’s closeness to these new or popular retail locations around the country.
We Can Find Your Dream Home!
As you search for a new home, your first priority will most likely be finding the perfect home for your family’s needs but you should also keep resale value in mind as well. When you sign up for our DREAM HOME FINDER program, we take a lot of that work off your plate and will find you the perfect home in the perfect place at the perfect price, even if it’s not listed yet!
That’s a serious advantage in the Seller’s Market we’re in right now. Access to the unlisted homes in our DREAM HOME FINDER PROGRAM gives you an advantage over other home buyers who are dependent on what’s currently listed, instead of gaining access to homes before they’re on the open market. Contact us for all the details and to sign up!