how much value does a bedroom add to a condo?

Kate Michalski
Home Buyer
Mercerville, NJ

in a dollar amount, how much cost should one bedroom add to a purchase price?

Answers (2)
Joe Rosauri
Agent
Rehoboth Beach, DE

It varies, it this area 2br/2ba condos are a much less money than a similar 3 bedroom unit. Sometimes as much as $100K. 1 and 2 bedroom units are usually harder to sell. I couldn't give a dollar amount. Hope this helps. Joe

Thu Oct 8 2009, 11:01
Donald J. Leske...
Agent
Tacoma, WA
FIRST ANSWER

Hi Kate,

All areas differ of course. Great Question however....
In my area a one bedroom can start at $209k and go to $278k in general. Whereas, a 2 bedroom will start at $289k and can go up.... to about $418. [I just did a quick MLS search to make sure]

So it seems the added value can be from $65,000 and up depending on view, location and overall desireablitiy naturally. Higher values depend a lot also on square feet of improvement.

I hope this has in some way helped.
Kind regards,
-Don / Associate Broker

Wed Nov 28 2007, 15:37

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