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Walmart’s Low Prices Increase Home Values

Walmart’s Low Prices Increase Home Values

by DeVore Design, July 28, 2015

Most homeowners know that certain features can increase the value of a home. A finished basement, a large yard and a good school district, can not only lure potential buyers but also bring in more money. According to the National Association of Realtors®’ consumer website HouseLogic, there are plenty of other surprising features that can add thousands of dollars to a home’s value.

HouseLogic identified nine neighborhood and home features that could bring in more cash from potential buyers. For example, spots containing surf breaks (areas in the ocean where surf-able waves occur) can add more than $100,000 to homes within a mile. Nearby parks—especially natural areas and golf courses—have the potential to add up to $10,000 to a home. And considering the difficulty for some to make a quick stop at a grocery store, studies have shown that living within a mile of a Walmart could raise home values by 1 to 2 percent (or $4,000—$7,000 for the average U.S. home).