How much does 1 bedroom add to the value to property value on average?

Asked by go.owls13, Philadelphia, PA Thu May 2, 2013

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Larry Lichtm…, Agent, Bala Cynwyd, PA
Tue Sep 17, 2013
Hi Fellow Temple Owl,

It all depends on location, size and condition. I'd be happy to discuss your situation and give you my own professional opinion.

Please feel free to call me directly anytime you have any real estate related questions.

Have a great night. I look forward to speaking with you soon.

All the best,
Larry Lichtman
Realtor, Property Manager
Your Real Estate Resource For Life
CELL/Text: (267) 254-7994

Liberty Real Estate Associates
924 Arch Street
Philadelphia, PA 19107
Office: (215) 625-4725
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R. Eric Axel…, Agent, Cherry Hill, NJ
Thu May 2, 2013
Hi, I agree with my colleagues. The price that anything adds to a property depends on the location and quality. A bathroom may add $10,000 in value in one town and $30,000 in value elsewhere.

If you would like an estimate of what your home is worth or what improvements to make, feel free to call me or one of my colleagues.

Hope this helps!

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
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Wes Costello, , Philadelphia, PA
Thu May 2, 2013
I agree with Tyler, there is not enough specific information to answer that question.

If you have a 4 bedroom, 1,400 sq. ft. home, adding a bedroom to the existing space would detract a little of the value. However, if you have a 2,000 sq. ft. 2 bedroom home, adding a bedroom to the existing space will likely significantly increase the value of the home.

There are so many factors involved that need to be assessed. Contact a certified real estate appraiser or a very knowledgeable local real estate agent to consider all of the factors.

Wes Costello
AnnieMac Home Mortgage
Certified Appraiser PA RL139711
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Tyler Morris…, Agent, Philadelphia, PA
Thu May 2, 2013

Yes, go owls! It's very tough to say. Give me a call and I'd be new than happy to discuss.

Tyler J. Morrison
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