Trader Joe’s increases Home Appreciation

 Shima  0comments  14.09.2015

If you needed another reason to love Trader Joe’s, this is it. According to RealtyTrac, who ran an analysis of home values, appreciation, and property taxes within U.S. zip codes discovered that homeowners near a Trader Joe’s have experienced an increase in home value. The study was determined by comparing the home values of owners living near a Trader Joe’s versus homeowners near a Whole Foods. There was an average 40 percent increase in home values of those near Trader Joe’s and only a 34 percent appreciation of those near a Whole Foods. The homes used for the study were based on 1.7 million homes, condos and co-ops with at least one Whole Foods store nearby but no Trader Joe’s, and 2.3 million homes, condos and co-ops with at least one Trader Joe’s in the area but no Whole Foods. Why might the home value increase for a neighborhood close to a Trader Joe’s? Well, here are some reminders why Trader Joe’s is admired according to Yahoo Food -All Trader Joe’s products are made from non-GMO foods, and contain no high fructose corn syrup, trans fat, artificial colors or flavors -The first Trader Joe’s opened by a man named Joe in 1967 in Pasadena, CA. -If you don’t like something, you can return it. -If you want to try something before you buy it, you can do that too. -Trader Joe’s donates leftover food to food banks, pantries, and/or soup kitchens. -They make cookie butter. In addition, as reported by Fooducate, “At Whole Foods Market, items are typically priced higher than similar products at Trader Joe’s.” Although homeowners who live in a radius within a Trader Joe’s have experienced an increase in home value appreciation, it was also noted that they pay higher property taxes on average. In conclusion, though living near a Whole Food’s or Trader Joe’s may not be considered as in depth as this study is when purchasing a home, I have one response: cookie butter. That is all. References contributing to this article include: Daily Breeze, RealtyTrac, Fooducate, and Yahoo Food.