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"Our dream came true - Thank You!"

Peter & DarlaGranger, IN
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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 
What information does nearly every state in America require the seller of a home to reveal to the buyer?

A 
Most states require disclosure of any existing problems or conditions that could affect the value of the house.
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Anita Hildebrecht and Team, REALTOR®, real estate agent and broker for Granger and Mishawaka, Indiana home listings, property and land for sale - NUMBER1EXPERT

Anita Hildebrecht and Team
RE/MAX 100

3010 Hickory Road
Mishawaka, IN. 46545
574-968-4214
574-235-3271
574-298-1978
Fax: 574-968-4294
Email: AnitaHildebrecht@NUMBER1EXPERT.com

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