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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 
Where will you find the world's largest indoor waterfall?

A 
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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Independence Real Estate Services, REALTOR®, real estate agent and broker for Fort Lauderdale, Pompano, Miramar, Coral Springs, Orlando, Lake Mary, Winter Springs and Kissimmee, Florida home listings, property and land for sale - NUMBER1EXPERT

Independence Real Estate Services
Central and South Florida Branches

Central Florida Contact: 407-389-3710
South Florida Contact: 954-630-7000
General Inquiry: info@NDpendence.com

At Independence Real Estate our Agents are equipped to offer you a unique combination: the clout of a Statewide Company plus the individual attention of a local style boutique. Their seasoned expertise along with powerful resources provides you with the highest degree of service and satisfaction. We Wont stop until the job is done!

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