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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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Q	Where in the United States will you find the largest concentration of million-dollar homes?
A	There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
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Jay Crosby, REALTOR®, real estate agent and broker for Potomac, Rockville and Montgomery County, Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Jay Crosby
RE/MAX Pros
20270 Goldenrod Lane, #200
Germantown, MD. 20876
301-785-5399
301-916-1400 x387
800-848-8275 x387
Fax: 301-916-0282
Email: jaycrosby@NUMBER1EXPERT.com
Jay has been a dedicated full-time Realtor for 25 years and ranks in the top 1% of Realtors nationwide. He relocated from California to Montgomery County in 1971. Having lived here for over 39 years, he knows Montgomery County. Jay is known for his upbeat personality, a "can do" attitude and thrives by providing a high level of service for his clients. Jay and his wife Kelly along with their three children live in Potomac, Maryland and when he is not working he spends his time on family activities, coaching kids, and involvement with his local church. Jay would love to hear from you to explore any real estate needs you might have. Call Jay direct on his cell phone at 301/785-5399 or drop him an email at jaycrosby@remax.net.

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