Living Near A Starbucks Has More Advantages Than Just Coffee! Mar10

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Living Near A Starbucks Has More Advantages Than Just Coffee!

Coffee from a nearby Starbucks not only gives you that extra boost of energy, it can also give your home a boost in value!

You hear of people wanting to live in a certain school district or easy access to work but now Starbucks is a request made by home buyers in Dallas and around the nation. According to a recent study by Zillow CEO Spencer Rascoff and chief economist Stan Humphries, houses located within a quarter mile of a Starbucks location appreciated more than houses overall.

“Homes in the DFW metroplex appreciated 49.7 percent between January 1997 and December 2013 but if you look at homes in the DFW metroplex within a quarter mile of a Starbucks, you see the Starbucks effect, those homes appreciated 56.9 percent” said Humphries.

They concluded over the past 17 years that homes within a quarter mile of a Starbucks doubled in value, whereas the average home in the U.S. appreciated 65 percent over that same time.

Their approach is actually similar to the services we can provide for you! They analyze data just like we would but in their case they asses traffic patterns and nearby businesses and then work with local experts in the area to advise on specific locations and store design.

Next time you stop at a local Starbucks, look around, we may be right next to you enjoying a cup of coffee too!