Array
Real Estate

This Tiny Detail Might Just Double The Value Of Your Home

Properties within a block or two of this famous cafe is shaking up the real estate game

Shares
Photography: Pexels.com (Main Photo)

We think everyone would agree when we say that living within a quarter mile radius of a coffee shop or a restuarant is highly convenient. Who wouldn't enjoy not having to walk far for a caffeine fix or grabbing a quick bite on nights when you're too lazy to cook? 

It turns out, aside from the convenience, there's another benefit to residing near a Starbucks. New research suggests that proximity to the famous coffee shop can actually increase your home value. While proximity to school districts, additional floor space and well-maintained outdoor spaces are still the top things possible buyers look for, investing in property near a commercial space is a great bonus as it can appreciate over time. 

According to a recent report by Zillow.com, between 1997 and 2014, homes less than a mile from a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes (based on a comparison of Zillow Home Value Index data with a database of Starbucks locations).

However, the exact correlation between property value and proximity to these retailers isn’t crystal clear just. Some experts believe that the values may increase because of demand to live near these stores, but it’s also likely that retailers are choosing these particular areas for a reason we've yet to find out. 

SOURCES: TIME.com—Money (Why It's Good News If Starbucks Moves Into Your Neighborhood) and Zillow Porchlight (Markets Where Starbucks Boosts Home Values the Most). Main photos from Pexels.com and indebuurt

More on Realliving.com.ph

Shares

Latest Stories

8 Ways to Keep Your Bags in Good Condition

Give it the right dose of TLC and make sure you store it properly

The Ultimate Bangkal Makati Thrift Shopping Guide

Let's revisit this famous place and get all the insider tips and tricks on budget and secondhand shopping in Bangkal and Evangelista

South Folks, Going Home From NAIA Is Now More Convenient Than Ever

UBE Express launches new routes to Muntinlupa and Laguna

Get Rid of These 5 Items in Your Closet

Decluttering your closet can be hugely tiring, but the benefits will surely be worth it

8 Design Hacks To Make Your Small Bathroom Look Bigger

Because your tiny loo can be big in style

LOOK: The Kamuning Footbridge Gets a Makeover

See how architect Paulo Alcazaren reimagines the problematic footbridge as an urban oasis

5 Items in Your Home That May Harm Your Pets

Ensure a safe home for your beloved furry friends

6 Details That Are Probably Making Your Home Look Ugly

Because the devil really is in the details

What to Give Your Friends This Christmas, According to Their Zodiac Sign

Turn to the stars for stellar gift advice and give your friends something they'd really like

These Modern-Pinoy Throw Pillows Are Made By a Babaylan

A shaman from the Manobo tribe hand-embroiders symbols and prayers into these pillows

Cooking For The Holidays Just Got Easier With These Kitchen Tools

Make holiday cooking even more exciting with these handy tools and gadgets

7 Steps to Prevent Mice in Your Home

Solve your rodent infestation issue at home once and for all
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!