ATTOM Data Solutions, the company that holds the premier U.S. property database, released its annual 2020 Grocery Store Wars analysis, which shows that living near certain stores like Whole Foods, Trader Joe’s, or ALDI, can largely impact home appreciation. They found that homes near a Trader Joe’s took the lead in home equity with homeowners earning an average of 37% equity compared to 33% for Whole Foods and 26% for ALDI.
For investors, it was the properties near ALDI that provided an average gross flipping ROI of 58% compared to 36% for homes near Whole Foods and 30% for Trader Joe’s.
Honestly, my plan was always to live near a Trader Joe’s anyway. Have you tried their bon bons?? But now that I know it can get me higher home equity too? Win/win.
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