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Ryan M. Ney ABR, CLHMS SellState NRES 480-332-5659 Direct Top Local Real Estate Expert
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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.
Ryan M. Ney Sellstate NRES 8707 E Vista Bonita Dr Suite 250 Scottsdale, AZ 85255 Direct: 480-332-5659 Office: 480-792-9500 Toll Free: 888-471-9500 Email: Ryan@RealScottsdaleHomes.com
Ryan was born and raised here in the Valley of the Sun and, as a result, has a unique perspective on the valley and what it has to offer. He has a business management degree from Arizona State as well as the ability to think outside the box when a situation requires a unique and innovative solution. Whether you are new to the market, thinking of moving up, or even an experienced investor, Ryan has the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.
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