Location, location, location.
When it comes to what establishments are in proximity to your neighborhood, it looks like grocery store chains top the list for being the best at helping your home appreciate.
According to a new study from ATTOM Data Solutions, grocery chains like Trader Joes, Whole Foods, and ALDI were found to make home prices rise!
If a Trader Joe’s is nearby, expect an average ROI of 51%. Home flipping near these chains is just as lucrative – near a Trader Joe’s, an average gross flipping profit comes to 31% and offers a 5-year home price appreciation of 33%.
Based on the survey of 1,859 ZIP codes across the nation, the average appreciation with these grocery stores is 38%.