We all think about what is around a home that we may be interested in purchasing, right? You wouldn't want to be across the street from a homeowner who doesn't ever paint their home or cut their grass so why wouldn't you take it a step further and think about businesses nearby?
I am definitely a Target shopper and rarely visit a Walmart so it would be more important to me so why not others? Research has also shown that homes situated near a Trader Joe's or Whole Foods see significant increases in value. RealtyTrac did the research. The downside. . .there always is one right? Homes close to a Target store pay higher taxes. Stands to reason though when you think about it. Target probably does site selection based on demographics of their buyers and those are probably more affluent so land prices will be higher, i.e., higher property taxes. Homes near Target stores pay an average of a whopping $7001 in property taxes while homeowners near Walmart pay just $3146 on average.
Target area homes have a 72 percent higher value than homes near a Walmart.
Having the grocery store that you prefer closer is a good thing - if it's the grocery store generally considered "higher end" than some of the other chains, would stand to reason that would be a plus. Conveniences like banks, medical facilities, restaurants, all play into desirability when purchasing a single family home. Agents even mention these types of "perks" in MLS remarks and advertising. Very interesting. So much to consider.
I am just lucky that by mere accident I ended up across the road from a horse farm, not even realizing it when we bought in this subdivision. So we have the pleasure of sitting on our deck or screened porch watching lovely majestic animals playing in the fields. Oh, and by the way, I am also 7 minutes to a Super Target. . .Very nice. Definitely a plus.
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