Powhatan County and Western Richmond real estate and homes for sale in Virginia - Hank Cosby, REALTOR® Hank Cosby REALTOR(r) for Powhatan County and Western Richmond, Virginia real estate - NUMBER1EXPERT™ Hank Cosby NUMBER1EXPERT(tm) for Powhatan County and Western Richmond, Virginia real estate
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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 are the financial benefits of having a home near a body of water?

A 
The mere presence of water within 300 feet increases a home's value by 22 percent.
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Hank Cosby, REALTORŪ, real estate agent and broker for Powhatan County and Western Richmond Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Hank Cosby
Hank Cosby Real Estate

3812 Old Buckingham Road
Powhatan, VA. 23139
Phone: (804) 598-2875
Fax: (804) 598-2833
Email: hank@hankcosby.com

Hank Cosby knows the Powhatan and Richmond areas well. You deserve Hank's expertise, knowledge, and commitment on your side. Please do not hesitate to contact him for more information.

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