Does Living Near Starbucks Increase Your Home Value?

Angela Fox Broker Associate podcast

There are a few odd and trendy features of your home that can increase the value of your home.

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Recently, I was asked a question that kind of stumped me: “If I live close to a Starbucks, will that increase the value of my home?”

I really had to think about it and do some research, and I found out that Zillow did do a survey on the topic in 2015.

Pulling data from between 1997 and 2014, they found that homes within a quarter mile of a Starbucks had increased in value 96% during that period. Was that caused by the increasing market in that period, or was it caused by the Starbucks itself? I still don’t know exactly where that number falls, but I don’t think it could hurt your home’s value at all.

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Pulling data from between 1997 and 2014, studies show homes that were within a quarter mile of a Starbucks had increased in value 96%.

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Another surprising factor that might increase your home’s value is its color. Another survey shows that homes with kitchens that have been painted blue, as opposed to white, sold for $1,800 more. If they had a baby blue or periwinkle bathroom as well, those homes actually sold for over $5,000 more.

Further still, other trendy features can add value to your home: farmhouse sinks and barn doors. Barn doors, specifically, are trendy features. Zillow looked at over 2 million homes that were sold nationwide with the words ‘barn door’ in their listing sold 57 days faster than the average and for 13% more.

Finally, how close to the city are you? We’re seeing that homes that are in an urban area versus a suburban area will, on average, be worth 35% more in value.

If you have any questions or feedback for us, feel free to reach out to us. We love to hear from you.