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Jason Taub - Realtor
Jason Taub - Realtor

8 Factors that Enhance a Home’s Value

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Looking for the best return on investment on the home you’re buying? Consider these factors, which Realtor.com identified by analyzing millions of sales nationwide:

1. Small Size. Over the last five years, homes under 1,200 s.f. are favorites of retiring boomers and first-time buyers’ and have appreciated by an average of 7.5% per year – While homes 2,400 s.f. or larger have risen just 3.8% per year.

2. Fewer bedrooms. The more bedrooms a home had, the less it appreciated since 2012. Homes with one bedroom increased by 7.2% per year; those with 2 bedrooms 6.6%; 3 – 6.3%, 4 – 4.9% and homes with 5 bedrooms 4.3%

3. Open floor plan. Having an open floor plan led to an average 7.4% appreciation per year. Less desirable? Granite countertops (2.5% annual appreciation) and stainless steel appliances (3% annual appreciation).

4. The right amenities. Homes with patios increased in value by 6.8% annually, while those with hardwood floors grew 5.7% and those with fireplaces 5.3%

5. Homes with views. Homes overlooking a park increased 7.9% annually; those with mountain views 5.1% and those with lake views 4.9%.

6. Modern/contemporary style. Newer trumps older in architectural style, with modern/contemporary homes rising in value by 7.7% per year, followed by bungalows (6.5%), traditional (5.6%), ranch (4.5%), Craftsman (3.7%) and Victorian (2.2%).

7. Two-car garages. Homes with space for two cars appreciated by 6.4% annually, vs. those with one-car garages (6%) and those with three-car garages (just 3.8%).

8. Location. Homes in urban areas near mass transportation grew 8.4% in value per year. Those near good schools increased by 7.2%, and those near shopping by 6.5%.

Source: Realtor.com

About Jason Taub - Realtor

Native South Floridian. Resident of downtown Fort Lauderdale for 8 years. Served on the Board of Directors for condo association of 400+ units. Extensive knowledge of the Fort Lauderdale area and Broward County. Buy, Sell, Rent - I've got you covered.

About D'Angelo Realty Group

From the inception of the downtown Fort Lauderdale condo market, consistently year after year, D’Angelo Realty Group has been the local market leader with a proven track record and longevity of listing and selling luxury estates in the greater East Fort Lauderdale area. Closing well over 1,200 condominium transactions and over $2 billion in real estate sales, the expertise within our full scale real estate brokerage will secure the highest market value for sellers and negotiate the most equitable price attainable for our buyers.

Contact Jason today for all of your real estate needs. Available 24/7.

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