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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
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What was the world's highest viewing platform before the opening of the Empire State Building in 1939?
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The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure. |
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The Farm and Home Team Farm & Home Realty 1010 W. 5th Street Canton, SD 57013 605-987-5874 Toll Free: 1-877-724-SCHUTTE (8883) Cell: 605-366-7028 Fax: 605-987-5282 Office: office@farmandhomerealestate.com Email: FarmandHomeTeam@NUMBER1EXPERT.com
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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
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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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