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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.
Team Jane Kelly RE/MAX Lake of the Ozarks 3525 Hwy 54 Osage Beach, MO. 65065 Toll Free: 888-733-5263 Local: 573-302-2316 Fax: 573-302-2317 Email: JaneKellyTeam@JaneKelly.com
Jane Kelly has been a Lake of the Ozarks resident for 25 years enjoying 23 years experience in real estate. Her expertise spans the entire Lake area and her specialty is waterfront homes, lots and condos. With her highly trained staff of agents and assistants, you can be assured of complete, hassle-free service with the highest level of integrity, honesty and compassion.
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