Coffee Lovers Rejoice: How Starbucks Might Improve Your Home’s Value

Coffee improving equity?

Starbucks is a brand synonymous with Seattle. And new data published by Zillow indicates how Starbuck's addicts hefty spending at the coffee chain might help homewoners in a suprising way – improving your home's equity.

According to the Zillow study, homes that are located near a Starbucks coffee shop appreciate at a faster rate than homes not located near the coffee giant. Zillow reports that since 1997, homes located near a Starbucks appreciated 96% – whereas homes located farther away appreciated at a much lower rate – only 65%.

In my opinion, the Starbucks study is quite interesting – but would I ever encourage a buyer to purchase a home simply because it is located near a Starbucks – or believe the home is a good investment because of its proximity to the coffee chain? Likely not. I take the study's findings with a grain of salt – but it is interesting nonetheless – and at the least, the added equity can help offset a homeowner's expensive latte habit…

Here's the link to the report in the Huffington Post:

http://www.huffingtonpost.com/2015/01/29/starbucks-home-value_n_6571410.html

 

Posted on April 1, 2015 at 5:06 pm
Caitlin Finley | Category: Finance, Real Estate, Seattle | Tagged , ,

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