A friend from another state just shared an interesting report referencing Harvard Business School 2018 about Starbucks locations and home values. Next was a report by a financial investment firm specializing in real estate values discussing Pickleball Courts. From there two more “experts” opinions and after 30 minutes of reading all these reports I decided to do my own analysis using a few points they shared here and there.
First let me explain the Starbucks Effect, if you live close to Starbucks your property could be .5 to 1% more valuable. Why? Starbucks does a deep dive into the community looking for the right mix to locate a store. Now the experts have created the Pickleball Effect which can either increase home values up to 5% or decline property value as much as 20%. Let me explain, if you live next to a Pickleball Court the noise can be a factor of up to 20% reduction in home value. Few blocks away it reduces to 5 to 10% and three blocks away your property value increases as much as 5%.
For some of you considering moving to The Villages you maybe need to add location of Pickleball Court to your list of wants and don’t want! Let’s see no kissing lanais, busy streets, powerlines, prisons, turnpikes, sewer plants maybe ponds (gators) and sinkhole prone areas. On the other hand, you want access to squares, retail, dining, lifestyle choices in a quiet neighborhood. Ya we got that!
Dick Betts, REALTOR®
The Betts Team
Touchstone Real Estate
The Villages, Florida
717-860-3107 cell
Dick@DickBetts.com
#realestate #realtor #thevillagesflorida #homesincentralfl #thebettsteam #dickbettsrealtor #dickbetts #thevillages
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