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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 
Which islands are considered the largest islands in the US?

A 
The Hawaiian Islands with 10,456 square miles are followed by Kodiak Island in Alaska at 9,510 square miles.
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The Harbert Group, REALTOR®, real estate agent and broker for Indianapolis and Greenwood, Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

The Harbert Group
REALTY WORLD-Harbert Company, Inc.

450 South State Road 135, Suite B
Greenwood, IN 46142
317-885-8858
Fax: 317-889-8858
indy-properties@NUMBER1EXPERT.com

This innovative web site will provide you with the most comprehensive information available in today's Real Estate Market. My name is Brian Harbert, and my staff and I are dedicated to providing quality service. The real estate industry is always changing, and you need someone who keeps up to date with the changes. Give our team a chance to help you with all of your real estate needs.

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