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Tim Burroughs, CRS, ABR, e-Pro, CDPE
"Your Real Estate Expert!"
- 3 Helpful Answers
- 9 Answers
- 1 Blog post
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Experience:
Realtor for Keller Williams Realty-Boise
November 1999—present
Experienced in resale residential sales and residential income properties
Experienced in resale residential sales and residential income properties
Specialties:
My background in lending, appraisal and solid service for over 14 years as a real estate professional allows me to serve you well.
Certifications
& Awards:
& Awards:
Was the Number 1 agent in overall perfromance for Keller Williams Realty-Boise for the first five and one-half years we were open since 1999. In the years
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Interests:
My wife, Debbie and I enjoy traveling to historic places, especially in the
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About:
What I think what would be important to you, the reader, is that you know I am a real estate professional with expertise in more than one area of the transaction.
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Testimonials:
"We were thrilled with the expertise that Tim offered as he directed us to homes that met our needs. We chose a new home that needed to have some adjustments
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Tim Burroughs, CRS, ABR, e-Pro, CDPE answered:
Laura,
As a former real estate appraiser, I will tell you that the price per square foot is not always the best judge as to the value of a home. As an example, this house on Resseguie is less than 800 square feet in size. If you were to look only at homes with that size you would probably start to see more similarity if each were updated as well.
If you look at a larger home you will see the price per square foot to be much less. They have more square footage to absorb the costs within. The major costs on a home are roof and foundation, as an example and the roof is much smaller on the subject property and yet the roofer has to earn a certain minimum to achieve profitability so he may charge more per square foot on a smaller house than on a larger home. Sometimes the complexity of the roof style will make a large difference in price as well. A simple roof design is much less expensive than one with hips and other design variations.
The key is, do you like the house? Would you be happy with a home of less than 800 square feet? Would the home have more probability of resale in the future? Would having that few square feet limit the number of buyers in the future? Knowing it is in a historic district where all the other homes are similar in age would allow people to pay more since they aren't building any 100-year-old homes anymore.
Please let me know if you would like more information about this house or any others in the Boise Metro area. I have been a Realtor since March 1, 1995 and have assisted over 900 families to buy or sell their homes. Let me know what I can do for you.
As a former real estate appraiser, I will tell you that the price per square foot is not always the best judge as to the value of a home. As an example, this house on Resseguie is less than 800 square feet in size. If you were to look only at homes with that size you would probably start to see more similarity if each were updated as well.
If you look at a larger home you will see the price per square foot to be much less. They have more square footage to absorb the costs within. The major costs on a home are roof and foundation, as an example and the roof is much smaller on the subject property and yet the roofer has to earn a certain minimum to achieve profitability so he may charge more per square foot on a smaller house than on a larger home. Sometimes the complexity of the roof style will make a large difference in price as well. A simple roof design is much less expensive than one with hips and other design variations.
The key is, do you like the house? Would you be happy with a home of less than 800 square feet? Would the home have more probability of resale in the future? Would having that few square feet limit the number of buyers in the future? Knowing it is in a historic district where all the other homes are similar in age would allow people to pay more since they aren't building any 100-year-old homes anymore.
Please let me know if you would like more information about this house or any others in the Boise Metro area. I have been a Realtor since March 1, 1995 and have assisted over 900 families to buy or sell their homes. Let me know what I can do for you.
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