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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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What is the fastest-growing state in the U.S.?

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Nevada, for the 19th consecutive year, according to 2005 Census Bureau statistics.
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Betty Kerr, REALTORŪ, real estate agent and broker for Palm Springs, Palm Desert, Rancho Mirage and Temecula California home listings, property and land for sale - NUMBER1EXPERT(tm)

Betty Kerr
RE/MAX Real Estate Consultants

501 South Palm Canyon Drive
Palm Springs CA 92264
Toll Free: (866) 764-7698
Cellular: (760) 250-9326
Fax: (760) 674-3715
E-Mail: BettyDKerr@GMail.com

I can handle the most complicated transaction. I work FULL-TIME at my profession. You can always reach me easily and can be assured of a quick, helpful response. You'd be hard pressured to find a REALTOR with a more enthusiastic or positive attitude. I love what I do and let it show. Having people trust me with their single largest asset is a responsibility I take very seriously. I will give you 110% because I know that my success is your satisfaction. While past results may not be the only measure of success when it comes to referring your friends and family, can you think of anything more reassuring to go by?

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