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I am a top real estate expert. Call me at any of the following #s:252.813.2070 or email me Betty@BettyNormanREALTOR.com
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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 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Betty Norman, REALTOR®, real estate agent and broker for Rocky Mount, Nashville and Rocky Mount Reservoir, North Carolina home listings, property and land for sale - NUMBER1EXPERT

Betty Norman
Keller Williams Realty

112 Habersham Court
Rocky Mount, NC 27804
Office: 252-813-2070
Fax: 252-937-7677
BettyNorman@NUMBER1EXPERT.com

Experienced, professional service for over 32 years in the Rocky Mount Area. Consistently upgrading her education to better served her clients with standards that are above and beyond. Expect the very best in real estate from Betty!

ABR CRS ePro Equal Housing ERC GRI MLS REALTOR RELO SRES wcr


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