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Pricing >Value Added Features
A recent study conducted by the National Center for Real Estate Research evaluated the features of a home based on what each contributes to the selling price.
According to the study, the feature that can most dramatically increase the value of a home is an additional full bathroom, upping the selling price by a remarkable 24 percent. Installing an extra half-bath can add 15 percent to the selling price. A garage, a fireplace and a central air conditioning unit each add a little more than 12 percent to the home's market value. A laundry room located on the main floor of the home increases its value by 15 percent, while a basement laundry room can potentially reduce the home's overall value. Homes with raised or vaulted ceilings sell for 6.2 percent more than identical homes with standard ceilings. Each extra bedroom increases the price by 4.1 percent. A family room adds 7.3 percent, and a dining room is worth 6.2 percent. A view of the water adds 7.8 percent, but a golf course view is better at 8.1 percent. A home built on the waterfront is worth 18 percent more than the same home in a landlocked location.
Every real estate market is different, so consult your real estate agent regarding the resale value of your home's special features.
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| Q |
What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?
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| A |
The picture window was a signature of the suburban American neighborhood. |
See More Real Estate Trivia > |
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Anne Cain Keller Williams Realty 115 Crescent Commons Drive Cary, NC 27518 919-303-3588 Fax: 919-882-3232 annecain@annecain.com
Since 1982, Anne Cain has been helping people move to, from, and around the Wake County area. The experience gained while working with buyers and sellers during these years will give you a smooth relocation from start to finish in the time frame you are looking for. Anne's clients value the extraordinary service she gives.Call or email her today!
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