Another question on PA low end homes: will a 4bd/2ba without a family room get more money than 3bd/2ba with family room?

Asked by Mindy, 94306 Sun Mar 13, 2011

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David Tapper’s answer
David Tapper, Agent, Burlingame, CA
Mon Mar 14, 2011
Many buyers like to have a family room because it's a great room to hang out in, but having the 4th bedroom is more important, I believe.

If you have the 4th bedroom, you can always use is as an office or guest bedroom or maybe a den or game room.

Good luck,

Tap
0 votes
Bill Mccord, Agent, San Jose, CA
Mon Mar 14, 2011
Mindy,
As a general rule the total sq footage will determine relative values. The 4th bedroom will pretty much offset the value added by the family room. If two such homes were next door to each other and in similar condition there would be minimum difference in value. A buyer who needs a 4th bedroom will not consider the 3 bed home. Likewise for the Buyer who realy wants a seperate family room will not consider the the other one.
Bill
0 votes
Marcy Moyer, Agent, San Ramon, CA
Mon Mar 14, 2011
It depends not only on the room count but location and condition. If all else is the exactly the same, (which almost never happens in Palo Alto) then 4 bedrooms may have more value because it is not as common and some people just want/need 4 bedrooms. It also depends on the timing of the sale. If it goes on the market a week when there are a lot of other choices it will not get as many offers and as a high a price as a week when very little has come on the market.

Marcy Moyer
DRE 01191194
Web Reference:  http://www.marcymoyer.com
0 votes
Norman Aless…, Agent, San Jose, CA
Mon Mar 14, 2011
Hi Mindy,
Well that is a tough one to answer as buyers usually are looking for there own specific needs and wants. Since you are asking about low end PA homes, then I would say a 3/2 with a family room would get more interest.
Here's the thing this all depends on location, schools, the floor plan,condition of the home, and the condition of the other homes on that street. You generally want to purchase the worst home on a good street, with good schools, so with a minimum of up grades your value should increase.
I hope that helps, feel free to contact me with any questions.

At your service,
Allyson
408-705-6578
allyson@homesbyallyson.com
DRE# 01397256
0 votes
Daniel Berman, Agent, Palo Alto, CA
Sun Mar 13, 2011
Hello Mindy,

As a general rule, the type of house in greatest demand is a 3BD/2BA and most buyers like to have a family room.

That being said, there are many features to a property and numerous variables. To determine market value, one must look at the overall picture.

The limited information provided is not sufficient to accurately answer the question as to which house has a higher market value.

Regards,
Dan

Daniel Berman
Pacific Century Realty
Buyer Rebates to 50%
Listing Commissions as Low as 1%
Multilingual Services
0 votes
Philip Roy, Agent, Las Vegas, NV
Sun Mar 13, 2011
Hello Mindy,

Typically bedrooms are more important than a family room provided that there is a common seating area such as a living room or if one of the bedrooms can be converted into a common area.
Web Reference:  http://www.buyvegasnow.com
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