Buying Near This Grocery Store Equals the Highest Added Value to Your Home
In real estate it’s all about location, location, location. And according to a recent study from ATTOM Data Solutions, a location near Trader Joe’s grocery store is the best place to be if you’re a home buyer. Among buyers, the best grocery store to purchase near is a Trader Joe’s. Homes near a Trader Joe’s realized an average home seller ROI of 51%, compared to homes near a Whole Foods with an average home seller ROI of 41% and ALDI at 34%. Homes near a Trader Joe’s also had a higher added equity, owning an average 37% equity in their homes ($247,445).
Interestingly enough, the facts for investors differ. Properties near an ALDI grocery store are an investor’s cornucopia with an average gross flipping ROI of 62%, compared to properties near a Whole Foods which had an average gross flipping ROI of 35% and Trader Joe’s at 31%. Properties near an ALDI also saw an average 5-year home price appreciation of 42%!