Can Grocery Store Proximity Boost Your Property Value?By John Voket Is it parks, schools, city services or affordability that you should look for when searching for a home with higher than average resale value? I was surprised to learn that while all those factors matter, homeowners lucky enough to be near one popular grocery chain enjoyed a boost in their home's value. Jennifer Von Pohlmann recently headed into the aisles at RealtyTrac.com to get the lowdown on this story, and to determine whether living near a Trader Joe's of Whole Foods would provide a better boost if you had to sell. Von Pohlmann examined home values, as well as appreciation and property taxes in U.S. zip codes with a Whole Foods or a Trader Joe’s. Her analysis revealed that homeowners near a Trader Joe’s have experienced better home value appreciation since their purchase, but also pay higher property taxes on average. Here are some other details in Von Pohlmann 's findings:
Learn more at www.realtytrac.com.
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