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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 
Over what famous building is aircraft forbidden to fly at any time?

A 
No aircraft is permitted to fly over the Taj Mahal in India.
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Jane Walters, REALTOR®, real estate agent and broker for Norwalk, Wilton and Westport, Connecticut home listings, property and land for sale

Jane Walters
Prudential CT Realty

124 East Avenue
Norwalk, CT 06851
203-899-3236
Fax: 203-857-7842
janewalters@BestImageAgent.com

I’m a full-time, top producing Realtor and although it may sound like a cliché, I love what I do. For over a decade, I’ve worked with buyers and sellers in Norwalk/Rowayton and the surrounding communities of Wilton, Westport, Darien and other areas of lower Fairfield County. I’m a lifelong resident and I know the area well. Take a look at my website and you’ll find property listings, community information, school reports, mortgage information, real estate tidbits and much more – it’s one stop shopping! When you’re ready to move forward, I’m here to help you with your real estate needs.


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