7 Surprising Features That Boost Your Home Value

1. A nearby Starbucks

Boyloso / Shutterstock.com

You can’t control when a new Starbucks coffee shop will open within your ZIP code. But each time one does, it stands to boost your home value, according to a 2018 study from Harvard Business School.

The addition of one Starbucks in a neighborhood within a given year is associated with a 0.5% increase in neighborhood home prices, researchers found.

Home values increase by the same percentage each time a new Starbucks opens, researchers found. So, if you owned a home worth $300,000 and two Starbucks opened nearby, your home value should increase by 1%, or $3,000.

Read Next

3 Ways to Downsize Your Life to Save Money, Time and Stress
3 Ways to Downsize Your Life to Save Money, Time and Stress

Downsizing can cut the bloat in your finances — and give you more free time and less stress.

5 Reasons You Should Claim Social Security ASAP
5 Reasons You Should Claim Social Security ASAP

Experts often recommend postponing claiming your Social Security retirement benefits. But there are situations in which you should start taking the money sooner.

7 Ways to Shop at Costco Without a Membership
7 Ways to Shop at Costco Without a Membership

You don’t necessarily need to join to get in on the warehouse store’s savings.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories