How do additional bathrooms or bedrooms affect market value in Linden?

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Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/KjK

How do additional bathrooms or bedrooms affect market value in Linden?

 

In all, 217 homes were sold in Linden from January 1-June 30, 2012. The details of these sales were analyzed to determine how the number of bathrooms and the number of bedrooms affected sales price.

The most obvious statistic is that the more bedrooms a home has, the higher the sales price. 2 bedroom homes sold for 39% more than 1 bedroom homes, and 3 bedroom homes sold for 20% more than 2 bedroom homes. 4 bedroom homes sold for 20% more than 3 bedrooms, and the increase to 5 bedrooms in Linden increased sale price by about 32%.

More than 50% of the homes sold in Linden are 3 bedroom homes, and about 21% are 4 bedroom homes.

Increasing the number of bathrooms in a home improves sales price also, but not nearly as much as increasing the number of bedrooms. Let’s use 3 bedrooms as our model since 3 bedroom homes in Linden are the most common homes. Increasing the number of baths in a Linden 3 bedroom home from 1 to 1 ½  baths increased sales price by 29%, but increasing from 1 bath to 2 baths only increased the sale price by about 27%. The 2 bath to 2 ½ bath jump increased sale price by about 11%, but from 2 baths to 3 baths, sale price increased only about 10%.

If you have a home in Linden, find out how much it’s worth in today’s market! Call Team Zuhl at 908-917-4189.


More Information:

 Free Market Analysis of Linden, NJ 

Linden, NJ, Market Report - 1st half of 2012 

Gorgeous Rental in Linden, NJ 

Time to Sell in Linden! 

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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Real Estate Market Trends
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New Jersey Union County Linden
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Rainmaker
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Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Wayne:  This is some good Info for all in your area,  keep up the good work and good luck with your business,  E

Oct 13, 2012 10:20 PM #1
Rainmaker
4,863,084
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Zuhl Team.... there can never be enough bedrooms.... everyone can use guest rooms ..... I think it's important to have a half bath in the home rather than a third full bath...

Oct 13, 2012 11:41 PM #2
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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