How Medical Marijuana Dispensaries Can Increase Home Values. A recent study published in the academic journal Real Estate Economics concluded that homes within 0.1 miles of Denver’s 103 marijuana dispensaries saw increased home valuations by up to 8.4%. Based on average housing prices in those areas, the value was estimated to be $27,000 for a typical, single-family home.
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· The kind of finished space in the lower level of your home can have an enormous impact on the value a buyer will be willing to pay. Essentially there are three types of grading on a home site that will determine the value in which you can get out of a finished basement.
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How will marijuana use affect other residents? Unfortunately, smoke and smells cannot be contained to a single unit. Not only could this be a.
It’s no secret that foreclosures are blowing a hole in home prices in most U.S. markets. The Realtors estimate that about a third of the houses now being sold were previously foreclosed and they are.
Thus, a home valued at $150,000 with no landscape (lawn only) could be worth $8,250 to $19,050 more with a sophisticated landscape with color and large plants. interestingly, the multi-state study found that very minimal landscapes (simple design with small plants) detracted from the value of a landscape.
The following are five ways real estate is affected by the legalization of marijuana. Increased industrial property explosions. One of the more popular marijuana products is hash oil, a more concentrated form of THC that you can ingest by putting it under your tongue or sprinkling it on food.
Researchers from the University of Wisconsin Madison found that Denver home prices in the immediate vicinity of a recreational. marijuana establishments clearly had a short-term positive impact on.
With real estate prices not what they once were, to put it mildly, it’s only natural for homeowners preparing to sell to be thinking of ways to up their home’s value. But it simply doesn’t make sense to throw money into a big remodeling project that won’t end up netting a higher sale price in the end.
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Marijuana usage is on the rise. Consider that over the last 30 days, the S&P 500 has fallen 2.5% from 2,186.5 to 2133. Yet over that same period, the North American Marijuana Index increased 42%. Investors might want to add marijuana stocks to their portfolios.