Home Buying in Ellicott City>Question Details

Sg, Home Buyer in Ellicott City, MD

How much additional value will an endunit town home will have?

Asked by Sg, Ellicott City, MD Mon Jul 23, 2007

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I think you'll get the same response from every agent on this one - "it depends". You can be reasonably certain that since you have an end unit that your home will sell faster than comparable interior units. End units often have special features not found in interior units: they are sometimes wider; if there are garages, the end units often have a 2-car garage while the interiors have a one-car; there are often additional windows; the lot size is often larger on end units (with the addition of a "side yard". All of these factors increase value. Sometimes there is little or no increase, but marketability is enhanced (still a strong positive in the Ellicott City area. As you can tell by driving down Montgomery Road, there are LOTS of houses for sale right now. Having an end unit will help set you apart.

Ted
Web Reference: http://www.YWGGRealty.com
1 vote Thank Flag Link Tue Jul 24, 2007
Additional factors will need to be determined before a local expert can provide that information. The positive of having only 1 neighbor could turn into a negative if the unit is located on a busy street, near power lines, near noisy community areas, etc. Too many variables at play for a blanket statement of "x" dollars for an end location.
Web Reference: http://RayandPaul.com
1 vote Thank Flag Link Mon Jul 23, 2007
depends on what a buyer is willing to pay-for
an end unit townhome consult a REALTOR a goof referrence is SANDY JASSO with Craig Northrups office in COLUMBIA or PAM BALLO with Long and Foster in Columbia-
0 votes Thank Flag Link Wed Jul 16, 2008
This is interesting because I just had a buyer interested in an end unit in a complex. There were only 12 end units in the complex. I had a friend who is also a realtor who lived there. He had spoken to and mailed every one of them because he had a list of people who wanted to buy them. There were 3 or 4 other agents who lived in the same complex. In this particular waterfront complex, the general consensus was, they are rarely or never listed and usually sell for at least 100,000 more, which would be 20% of the price more than interior units. They usually sold to people who already lived in the complex and knew the owner.
0 votes Thank Flag Link Sun Aug 26, 2007
The answer is very specific to your neighborhood, and cannot be easily derived from general market statistics, which I've summarized below. These curious results are apparently due to the fact that there were simply more interior units sold than end units, with the possibility of more expensive interior units being offered. The comparison was run using a "plain-vanilla" 3BR, 2.5BA, basement configuration.

215 Interior Units sold during last 12 months in Howard County with an average sold price of $353,043.
89 End Units sold during last 12 months in Howard County with an average sold price of $351,570.

These stats would suggest that there is no premium, although as I noted, since there were vastly more interior units sold, there is also the likelihood that more upper-end townhomes were sold.
Web Reference: http://home-sweet-home.us
0 votes Thank Flag Link Sun Aug 26, 2007
It depends on the price point of the community, but about 5-10k if all other features are the same (same size, floorplan, etc).
Web Reference: http://www.123move.net
0 votes Thank Flag Link Fri Jul 27, 2007
In our maarket in Southern Maryland, we have several advantages - noise coming through the walls only on one side, more windows, and more land with end units - here end units bring about 10% premium, and as a resale, it is most popular. Negatives are higher heat and cooling costs, and more lawn to maintain.

Bill Wootan
0 votes Thank Flag Link Tue Jul 24, 2007
It may not have any additional value. It just depends. Sometimes there are additional features you can romote such as those listed in another answer. However there are sometimes downsides to end units. One is utility costs are typically higher. There could be less privacy or more traffic as well. Ask your realtor for specifics. Often these types of ideas will only make your home sell faster, not more money.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Tue Jul 24, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
There really is no way to put a number on it... it depends on your particular unit and the comps in your neighborhood (i.e. end units vs. interior units). If you want to e-mail me your address I'd be more than happy to do a CMA for you.

Thanks,

Dennis Skelly
Ricker Realty
301.464.9020 (o)
202.438.2091 (c)
dennis.skelly@verizon.net
0 votes Thank Flag Link Mon Jul 23, 2007
You also usually have more windows so you have a brighter unit. More views etc. There are usually less of them so you get a little of the supply/demand effect going.
0 votes Thank Flag Link Mon Jul 23, 2007
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