Kate Michals…, Home Buyer in Mercerville, NJ

how much value does a bedroom add to a condo?

Asked by Kate Michalski, Mercerville, NJ Wed Nov 28, 2007

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

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Answers

4
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
1 vote Thank Flag Link Wed Nov 28, 2007
...completely depends on the market niche. In most cases an additional bedroom will add value, especially where there is rental demand, but square footage and price per square footage of similar style properties would be an easier way to compare properties.

Warm Regards,

Dustin & Mariya
0 votes Thank Flag Link Sun Dec 30, 2012
I agree with Joe, it depends upon what type of property you are speaking about, location and market trends. Need more info. to answer the question fully.
0 votes Thank Flag Link Tue Mar 2, 2010
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
0 votes Thank Flag Link Thu Oct 8, 2009
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