Number of Bedrooms and Bathrooms
queeni1951
7 years ago
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cpartist
7 years agorrah
7 years agoRelated Discussions
What criteria determines a Comp.? (long rant)
Comments (19)Just to chime in, when looking at houses it doesn't seem to me that condition is reflected in any appreciable manner unless the condition is really pretty bad for the neighborhood. But that could be this location, around here maintenance doesn't seem to be a big thing :(. What has happened is I went to see something with a realtor and the house was well maintained and reasonably priced - and that was commented on by the realtor - that you usually didn't see houses this well maintained. So the maintenance of the house made it a good deal, not the price. And FWIW - for the last several months I've been looking up houses on the county website that are for sale on the MLS for last sold prices (if its within the last 10 years or so) multiply in the standard appreciation for this area and - well what do you know - its usually within a few thousand dollars of asking. This has been so consistent it really makes me wonder. Caveat - this is your standard flat midwestern market. When I sold last, 3 realtors did do comps and did the add and subtract thing. My house was 2 years old and with just me there, really like new. I don't think that added into the comps much....See MoreNumber of bathrooms in small house
Comments (9)Yes. If you are in a family neighborhood and the bathrooms are in a good placement in the house, having that extra bath would be points in your favor, generally speaking. I also agree with the comment above, that if storage is a greater issue or the placement isn't ideal (or doesn't make sense), then making it a 1/2 bath would also be something worth considering....See MoreFixed sqft: Which adds more value extra full bath or large bedrooms?
Comments (14)Personal opinion and nothing else: Typically I'd say "make the bedrooms smaller -- I don't spend much time in there anyway"; however, in either situation, you're talking about small bedrooms -- is the master one of these small bedrooms? My kids have 12x12 rooms, and over the years my girls've had 1 twin ... 2 twins ... and 1 double ... but never anything bigger, and you're talking about smaller rooms! Add-on question: What kind of closets do these bedrooms have? A bedroom with plenty of good storage can be smaller and still be comfortable, whereas if your closet is modest, you need space for larger dressers and other storage. Having said that, if you're a typical 4-person family, I don't really see the point in having more than two bathrooms. They're expensive, high-maintenance rooms -- I want enough bathrooms for comfort, but I don't care to over-bath myself; I just don't enjoy cleaning toilets that much. An outside-the-box thought: If you'd JUST build the third bathroom for resale, you might consider leaving that room "empty" /use it as storage ... and in the future you'd have the option of finishing it off yourself ... or it could be presented to future buyers as "a room that could be renovated into a bathroom". That would also allow the future buyers the option of using that small space as a pocket office, a craft room, or whatever ... if it suited their purposes better. In conclusion, I suspect the 4/3 layout would be better for you at resale time ... but you're talking about trying to guess the mind of some unknown person, which is impossible. Build the one that'll suit your family best now....See Morekitchen update to sell house
Comments (37)The Return on Investment for virtually all renovations is negative. You spend more than you get back. You lose money. I'm guessing that is not your goal. Price your home right and you will sell fast. Over price the home and it sits on the market and gets stale, you lower the price a few times and it eventually sells, but usually for less than it would have sold if you priced it right to begin with. Realtors would prefer if you updated the granite countertop. It will make the house easier to sell and will increase the sales price and in turn, their commission. It will also cost you more than the increase in sale price. How to price your home right - get a comparative market analysis from your realtor or through the internet. How much have homes in the neighborhood sold for in the past 6 months. Are they similar in size and scope (square footage/number of bedrooms and bathrooms). Are they in excellent, good, fair or poor condition? Find the three that are most similar to your parents home. Adjust the price for square footage differences. You are now in the right ballpark. This will be the value that a seller's agent will tell their sellers to offer and the price that an appraiser will look at to determine the value of your house. Next, go see the homes that are currently on the market in this price range in the same school district and similar neighborhood. Your potential buyer is going to pick the nicest house they can get within their budget. Price your home so that it is the nicest home in that price range. If every other home in your area has granite countertops and your home does not have granite you need to price the home lower to attract a buyer that can't quite afford the neghborhood or add granite, knowing that you will spend more to make it comparable to the other homes, but can still only ask the price that makes your home the nicest one in the price range. When you settle in on a price you now have to make sure your home is marketed appropriately. You need good pictures, a great description and it must be listed on the MLS, zillow, ,realtor.com, trulia.com and redfin. Highlight all of the homes best features. Do not lie when you describe the property - if you say it is a 3 bedroom home and it really is a 2 bedroom with an office buyers will perceive you as being dishonest and will look for other descrepancies. Open houses are generally held so that the realtor can get a list of potential buyers - not necessarily for your home, but people they can sell a home, any home. Brokers open houses are held to market your house to the realtors in the area. Realtors generally come to the houses that offer the best incentive - good food, lottery tickets or a drawing for a great gift basket. This used to be very important, but now most people are looking for the house of their dreams on one of the real estate web sites. They rely less on realtors to find the perfect house. If a realtor wants to keep your house off the MLS and web sites for a few days it is because they want to double their commission (Buyer and seller representative) and they have a better chance if the other realtors can't see your house. If a realtor says they can get a higher price than what you have researched and found to be a fair market price, be concerned. They will try to entice you to list with them based on empty promisses. The listing is a great way to get people to call. Most people don't end up buying the house, they buy something else that your realtor shows them. If you hire a realtor ask for a list of their last 25 listings. How many are still on the market, how many expired without selling, how many sold. Did they sell at or close to list price? How many days did they sit on the market. What is the average days on market for houses in your area. Validate the information on the current listings by looking on the internet. You can google their office and it will show you all the listings. You can always look up the details on another site if they realtors office does not offer information on how long listings have sat on the market or how many price cuts there have been. Good luck! ...See MoreAndy
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