You may be surprised to know that the value of your home can increase — or decrease — based on the name of the street it resides. A recent study by real estate company Agent Advice found that water, earth and royal-inspired road names were among the top names that could boost your house's value by thousands of dollars. Living on a street named after a body of water can increase your property value by an average of $64,689, while the average value of homes with rural and earthy street names is $81,00 above the national median, according to the study. Streets with regal connotations boosted a property's value by $126,000.
“Street names are an often overlooked factor when deciding where to buy housing,” commented a spokesperson from Agent Advice. “A pleasant-sounding road name or one located by a desirable geographic feature can greatly influence the attractiveness to a buyer. Our research shows that roads with names related to bodies of water, rocky features, vistas, and a sense of privacy experienced higher-than-average property values compared to the national median.”
