how do you determine the value of house amentities like hardwood floors, appliances, etc. for a good deal?

Jennifer Lynne...
Home Buyer
Chamblee, GA

Answers (1)
James Dudley
Agent
Suwanee, GA
FIRST ANSWER

Jennifer,

This is a great question! As a realtor I deal with this every time I list a home.

There is not a line item figure for each upgrade, but the best way to determine this is by comparing the comps. for other homes in that general area. Hardwood floors obviously are more valuable than carpet. If one home has hardwoods and the other has carpet for the same price then choose the home with hardwoods. All homes are different and may have other features that offset each other such as lot size, SQ. Ft., Counter-tops, Molding, siding, etc.

It's a fine line when it comes to these options and value is usually determined by the buyers preferences. Compromise is the key because it's usually difficult to find a home that has all the key elements rolled into one.

Sat May 2 2009, 16:22

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