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Real Estate Tips

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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Real Estate Trivia

Q 
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?

A 
The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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The Farm & Home Team, REALTOR®, real estate agent and broker for Sioux Falls, South Dakota home listings, property and land for sale - NUMBER1EXPERT

The Farm and Home Team
Farm & Home Realty

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Canton, SD 57013
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Casual Atmosphere...Professional Results! When it comes to buying or selling your home, you want to deal with a REALTOR who makes you feel comfortable. Our style is casual. You won't get a high-pressured sales pitch from us. You also want a professional who knows the market and follows through to a successful transaction. Selling real estate is our full-time job. Our results are proven, too. Farm & Home Realty, Inc. is consistently involved as a seller's agent, buyer's agent or both in many of the local transactions. We encourage you to take advantage of the many tools available on our website. And, we'd love to talk with you. Send us an e-mail, give us a call or, if you are in the area, stop in. The coffee pot is usually on!

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