In a neighborhood of similar homes, why is one worth more than another? That is the question that buyers and seller have asked for ages, but the answer is simple:

Every Home is Different

When a home is sold, a willing seller and buyer determine the value of that home with the sale price. That price then becomes a benchmark for other similar homes, but other factors come into play. The most important are:

Location

The closer a home is to jobs, parks, transportation, schools, and community services, the more desirable it is.

Size

Square footage impacts home value because a larger home is built using more materials and give the homeowner more usable space.     A larger lot size could mean more privacy than a smaller one.

Bedrooms and Baths

Additional bedrooms and bathrooms raise the value of a home compared to similar homes that do not have those rooms.

Features and Finishes

Features such as outdoor kitchens and spa baths make a more luxurious. A home finished with hardwood floors and granite counter tops is going to cost more than a home with carpet and laminate counter tops