Home Buying in Boston>Question Details

sk28, Home Buyer in Boston, MA

Do split levels sell well?

Asked by sk28, Boston, MA Sun Apr 14, 2013

We normally don't like split levels but we found a well updated split level. We would like to proceed but feel that split level will have less resale appeal (just like we didn't like until this house). Its a beautiful town with great school district and I know greater Boston has many old houses which may include split levels. Do you think split levels sell well in the greater Boston area? I know its not a first choice but curious if the style of the house will affect price down the line.

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As many of my colleagues stated, the location is the primary factor. However, consider the appeal of the house. In general, split Levels are still quite popular.
0 votes Thank Flag Link Thu May 2, 2013
If location is there and great school around it than I don't forsee any problems as well.

Best of luck.
0 votes Thank Flag Link Tue Apr 16, 2013
Location location location is the 1st rule of real estate value.
0 votes Thank Flag Link Mon Apr 15, 2013
If the property is in a nice area that has great schools, then slit levels should be fine.
You will have no issues selling when the time comes.
0 votes Thank Flag Link Mon Apr 15, 2013
Split levels sell just fine if priced appropriately. Generally the lower level, partially below grade is not calculated as above ground living space. The living space has value but not the same value as completely above ground living space.

With all things being equal, if you compare a colonial with a split level with the same condition, specs and location, the split will sell for less money.

Obviously, there is something that attracted you to this split and that should be the case when you go to sell it. It may be the condition and some of the features are better then similar homes in that price point.
0 votes Thank Flag Link Mon Apr 15, 2013
The twin and schools may dictate resale more than the style. It's also a common style for the area. I think you already answered your question.
0 votes Thank Flag Link Mon Apr 15, 2013
Split Levels and Raised Ranches have actually maintained a rather steady popularity ever since their introduction around the 1950's. While using your own preferences is a good place to start as far as trying to figure out the marketability of a home, in this particular case, my experience is that there are plenty of people who do not seem to share your dislike of split-levels. It is, in fact, quite often a first choice of style for many looking for a starter home with a more open layout.

You shouldn't pay more for a house than it is worth to you. However, just because it isn't worth it to you, does not mean that it wouldn't be worth it to someone else.

That all said, it is of some value to ascertain whether the split level is a common style in the neighborhood in which you are looking, there are pros and cons to being a unique style or a popular style in the neighborhood.

Hope that helps you.
.
0 votes Thank Flag Link Sun Apr 14, 2013
Your observation is correct, that this is new England and the first choices typically are colonial and capes. But as others have stated below and your own experience is that splits, multi level, raised ranches have a lot to offer, many times are younger and the updates are reflect in them and based on the community have a strong demand as well and will keep pace with the market they are in.

Louis
0 votes Thank Flag Link Sun Apr 14, 2013
Market sells for what a market sells for. Nothing is wrong with split levels and some buyers prefer these homes over others.

Just make sure your Realtor goes over the neighborhood comps with you and you will be good.
0 votes Thank Flag Link Sun Apr 14, 2013
There are plenty of buyers that like splits. There are lots of them here, and updated is always Better in terms if resale. Also they often offer an option of finishing the basement and using it as space for an in law apartment
0 votes Thank Flag Link Sun Apr 14, 2013
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