Looking for the best return on investment on the home you’re buying? Consider these factors, which Realtor.com identified by analyzing millions of sales nationwide. Buying or Selling? Let The RG Realty Team get you top dollar or find your your dream home! Fill out the form on the left to get in touch with us.
Over the last five years, homes under 1,200 sq. ft.— favorites of retiring boomers and first-time buyers—have appreciated by an average of 7.5% per year, while homes 2,400 sq. ft. or larger have risen just 3.8% per year.
Having an open floor plan led to an average 7.4% appreciation per year. Less desirable? Granite countertops (2.5% annual appreciation) and stainless steel appliances (3% annual appreciation).
Homes with space for two cars appreciated by 6.4% annually, vs. those with one-car garages (6%) and those with three-car garages (just 3.8%).
Newer trumps older in architectural style, with modern/ contemporary homes rising in value by 7.7% per year, followed by bungalows (6.5%), traditional (5.6%), ranch (4.5%), Craftsman (3.7%) and Victorian (2.2%).
Homes with patiosincreased in value by 6.8%annually, while thosewith hardwood floorsgrew 5.7% and those withfireplaces 5.3%.
Homes in urban areasnear mass transportationgrew 8.4% in value peryear. Those near goodschools increased by7.2%, and those nearshopping by 6.5%.
