The Starbucks Effect: How Businesses Can Affect Home Values
Posted by Guest Post on
When selling your home, keep in mind that there are many different factors that contribute to the resale value. A recent study shows that one business, one coffee house in particular, is increasing property values of the homes around it.
And yes, that coffee house is Starbucks.
A recent study printed in the book, Zillow Talk: The New Rules of Real Estate by Spencer Rascoff and Stan Humphries, explains how Starbucks is affecting the real estate market. While homes have appreciated by an average of 65% since 1997, homes near Starbucks have appreciated by 96%. To compare, homes near Dunkin Donuts appreciated by 80%, which is still better than the national average, but not as fast as Starbucks. Home prices near Starbucks have recovered more quickly…
2731 Views, 0 Comments