Living Next To A Starbucks Could Increase The Value Of Your Home
When you put your home on the market, you want to do everything you can to help it sell for as much as possible. As a result, people will make…
When you put your home on the market, you want to do everything you can to help it sell for as much as possible. As a result, people will make repairs, renovations, upgrade appliances, change the paint color, and anything else they think will raise that sale price. But according to the Daily Mail and one real estate broker, there are a couple of surprising things that will increase a home’s value and they’re all out of your control.
Tatiana Londono, who’s based in Montreal, Canada, has gone viral on TikTok after sharing the three unexpected things that can help you sell your home for a higher price.
What are they?
- “The first thing that will weirdly increase the value of your home is being located near a Starbucks,” Londono says. “This, my dear friends, is called the "Starbucks effect.”
- She explains that being close to a Starbucks gives developers the sense that the neighborhood is “on the rise.” According to Zillow, between 1997 and 2013, homes that were near a Starbucks increased their value by 96%, compared to 65% for average U.S. residential properties.
- The second thing that can make your home sell for more money is having “a desirable address number.” The real estate expert isn’t talking about the location, but the numbers themselves. She points out that some cultures have lucky numbers, sharing that eight is lucky in Chinese culture and 18 is in Jewish culture, while many consider seven lucky.
- If a celebrity ever lived in the home, that will also increase its value, according to Londono. “It doesn’t matter if it’s a mansion or even a shack,” she says. “If a famous person once lived in a home, it’ll be worth more at resale.” She says she has no idea why this is, but Luxury Portfolio International reports that properties currently owned by living celebrities “tend to be the most valuable” because of their amenities.
There is another trend here in the Charlotte area as well and this one is making all the homes.
This North Carolina City Is Building The 2nd Most New Homes Nationwide
Everywhere you look it seems like new homes are popping up. They take a lot that had one home on it and suddenly there is a whole new street and neighborhood. Take a drive around Charlotte in Southend and it's incessant with new apartments being built. While this growth is obviously wonderful for the economy, it's not great for traffic! And as many as they are building it's still not enough. The real estate market in Charlotte is showing no signs of slowing down. The experts at Construction Coverage recently conducted research on the cities that are showing building the most new homes. And two North Carolina cities made the top 10 with the most new homes nationwide. These rankings are among major metros.
Ranking The Cities With The Most New Homes Nationwide
So how were these rankings compiled? According to Construction Coverage, researchers first analyzed the latest data from the U.S. Census Bureau and Zillow. From there researchers ranked metro areas "according to the number of new housing units authorized per 1,000 existing homes in 2022." If there was a tie, "the metro with higher total new housing units authorized in 2022 was ranked higher."
In addition to North Carolina, Florida and Texas were well represented on this list. A city that's growth has seemingly paralleled Charlotte (but in a neighboring state) also ranked in the top 5. This research also was applied to small and medium metro areas as well and a few North and South Carolina metros made those lists. Below you'll find the top large metros and some details about why they ranked where they did. And the end you can find a list of the other North and South Carolina small/medium metros and where they ranked for new homes built. The research also went deeper into trends, shortages, and more. You can read the full study and rankings here.
8. Charlotte-Concord-Gastonia, NC
Mark BorjaCharlotte ranks number 8 on this list with 23.9 new housing units authorized per existing 1,000 homes. In 2022 the Charlotte Metro Area built 27,212 new homes. The median home price in the region is $369,590.
7. Orlando-Kissimmee-Sanford, FL
Kruck20The median home price in Orlando is $388,191. In 2022 28,638 new homes were constructed. And 25.7 new housing units were authorized per 1,000 existing homes.
6. Dallas-Fort Worth-Arlington, TX
Kruck20Coming in at number 6 with a whopping 77,894 new housing units authorized in 2022 is the Dallas region. There were 25.8 new units authorized per 1,000 existing homes. And the median price? $376,026.
5. Houston-The Woodlands-Sugarland, TX
LUNAMARINAStaying in Texas to crack the top 5 with the Houston Metro. A much lower median home price of just $306,423. 75,728 new housing units were approved with is 66.8 per 1,000 existing units.
4. Jacksonville, FL
SeanPavonePhotoOur second Florida city on this list is Jacksonville with a median home price of $355,024. There were 32.6 new housing units approved per 1,000 existing which comes to a total of 23,169.
3. Nashville- Davidson-Murfreesboro, TN
Jonathan RossComing in at number three is a city that's growth has seemed to parallel Charlotte's a lot. Nashville has one of the highest median home prices at $436,866. 28,192 new units were authorized in 2022, which is 32.8 per 1,000 existing,
2. Raleigh-Cary, NC
SeanPavonePhotoIf it wasn't Charlotte, well you knew it had to be our state's capital city. The median home price in this area is surprisingly higher than Charlotte at $433,469. 36.2 new units were approved in 2022 per 1,000 existing which equated to 21,568 new units.
1. Austin-Round Rock-Georgetown, TX
RoschetzkyIstockPhotoAnd Austin Texas takes the title with 42,364 new homes approved which is 42.5 per 1,000 existing. These homes will run buyers a median price of $487,537. Is it too late to get involved in the Austin real estate market?
Small/Median Carolina Metros- Where They Ranked
levkrSmall Metros
Median Metros
