Millburn/Short Hills, Maplewood and South Orange real estate and homes for sale in New Jersey - Stephanie Mallios, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
Millburn/Short Hills, Maplewood and South Orange real estate listings, home buying, selling and homes for sale in New Jersey - NUMBER1EXPERT(tm)
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Stephanie Mallios

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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 201-404-1972.

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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 
Where is the world's largest mud building?

A 
The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.
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Stephanie Mallios, REALTOR®, real estate agent and broker for Millburn/Short Hills, Maplewood and South Orange, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Stephanie Mallios
Towne Realty Group

511 Millburn Avenue
Short Hills, NJ 07078
cell: 201-404-1972
office: 973-376-8300, x-291
eFax: 973-532-0207
SMallios@trghome.com

Feel free to contact me with your real estate needs.

REALTOR ePro




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