When determining if a room qualifies as a bedroom, appraisers consider several key factors to ensure it meets legal, safety, and functional standards. A primary requirement is that the room must offer both ingress and egress, meaning there must be an entrance to the room from inside the home and a safe exit route in case of emergencies, like fires. A window that meets specific size and height requirements typically serves as the emergency exit, allowing someone to escape if necessary. Without this point of egress, the room may not qualify as a bedroom, regardless of its size or location within the home. This aspect is essential for meeting building codes and safety regulations, making it a fundamental factor for appraisers when evaluating whether a room can be counted as a bedroom.
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I previously posted a reprint of a great article on increasing the value of your home. I wanted to update some suggestions based on my personal experiences.
1. Remodeled Kitchens A modern, remodeled kitchen can dramatically boost your home’s value. Quartz countertops offer a sleek, durable, low-maintenance option, while granite brings a timeless, natural appeal. Both materials are highly sought-after, but quartz is gaining popularity for its stain resistance and variety of colors. 2. Updated Bathrooms Bathrooms are key selling points in any home. A walk-in shower adds a luxurious, contemporary touch that appeals to today’s buyers. Updating fixtures, tiles, and adding double vanities can further increase the bathroom's functionality and style. 3. Natural Materials Incorporating natural materials like stone countertops and real hardwood floors can elevate your home’s aesthetic. Hardwood floors add warmth and durability, while laminate is a budget-friendly alternative that still offers a polished look. 4. Curb Appeal & Landscaping First impressions matter, and investing in landscaping, fresh paint, and a clean, inviting exterior can greatly improve your home's curb appeal. Simple updates like new plants or walkways can make a lasting impact. 5. Storage and Basement Finishing Ample storage space is a big selling point for buyers. Consider organizing your garage with shelving or finishing your basement to create additional living or storage areas. These updates make your home more functional and appealing. Reprinted from www.finance.yahoo.com/realestate:
Increase home's value 1. An updated kitchen. "Kitchens are critical," says Robert Irwin, author of "Home Buyer's Checklist." "Today, people like a big kitchen with a lot of workspace." They look for solid surface counters and high-quality flooring, such as wood, laminate, tile or stone. And they want newer appliances in working order. Even if it's not huge, it should have "countertops that are servicable, that aren't going to have to be replaced soon and cabinetry in good condition," says Alan Hummel, past president of the Appraisal Institute. "It has to be well-appointed and large enough to fit your needs." It also doesn't hurt if it opens onto another room. "A lot of families are looking for that openness," says Hummel. It helps to have a window over the sink, says Don Strong, a remodeler with Brothers Strong Inc., a Houston remodeling firm. Be wary if renovations are out of character with the community, such as granite countertops in a subdivision where plastic laminate is the norm. "Will you sell faster? Yes," says Hummel, CEO of Iowa Residential Appraisal Co., in Des Moines. "Will it sell for more? Not if the appointments you've done are significantly higher quality than the rest of the neighborhood." 2. Modern bathrooms. Buyers are looking for "master baths that give a little room to roam," says Hummel. A big asset is a spa or a whirlpool tub. "I'm always entertained by the people who have them in the master bath and don't use them," says Ron Phipps, principal broker with Phipps Realty & Relocation Services in Warwick, R.I. "But it's a big feature." Some other features buyers are seeking are separate showers with steam and/or multiple jets, a double sink, and a separate room for the toilet. And make sure the plumbing and water heater can handle the job. The pipes have to be large enough to carry an adequate volume of water and the water heater has to be big enough to accommodate it. "You need a bare minimum of a 75-gallon hot water heater and most of my customers have 100 to 150," says Chicago-based home inspector Kurt Mitenbuler. "You don't want to see that false economy of a $30,000 bathroom but nobody spent a few thousand dollars to upgrade the pipes," he says. 3. A well-appointed master suite. "People are really excited about master suites," says Hummel. The wish list: A luxurious bathroom, lounging areas and walk-in closets. 4. Natural materials. "People like natural materials," says Phipps. "Ceramic tile, hardwood floors, granite. We've gone back to a real appreciation for historically true materials. And simulated works as well. The look is very popular." In floor coverings -- especially bathrooms or kitchens -- look for ceramic tile or wood rather than linoleum, which can tear, says Strong. In the rest of the house, wood or laminate products are a plus over wall-to-wall, says Gary Eldred, author of "The 106 Common Mistakes Homebuyers Make (and How to Avoid Them)." But if you have carpet, it should be a good product and well-maintained so that "a person doesn't have to walk in and think, 'I'm going to have to spend five grand right off the bat," says Strong. 5. Curb appeal. First impressions are everything. A house that appears tidy and well-cared-for will sell more quickly and for more money. A good first appearance can add as much as 10 percent to the value of the home. 6. A light, airy, spacious feel. "People buy space and light," says Myra Zollinger, owner/broker with Coldwell Banker Realty Center in Chapel Hill, N.C. "I have yet to have anybody walk into a really dark house and say, 'I love this.'" Richard "Dick" Gaylord, president-elect of the National Association of Realtors, agrees. "That's a very big feature," he says. "I haven't sold many homes that aren't bright and airy." 7. Good windows. "People are looking at exposures and windows," says Phipps. "It's been a cold winter for most of the country and energy efficiency is very important." Insulated windows are always a plus, says Strong. "Typically, they pay for themselves in five years," he says. The cost for an average 2,600-square-foot home is estimated at about $10,000 for new windows, he says. Well-placed skylights are also a good touch to add value, says Phipps. 8. Landscaping. Mature trees "are worth $1,000," says Strong. And having outdoor spaces with touches such as pergolas and Victorian garden swings "can be very helpful," says Phipps. Appraiser John Bredemeyer remembers one $250,000 home in Omaha that had no landscaping at all. "It was stark," says Bredemeyer, former national chair of government relations for the Appraisal Institute, a professional group for real estate appraisers. "It just stood out as unappealing." Conversely, you don't have to spend a fortune on plants, either. Just keep it "typical with the neighborhood," he says. 9. Lots of storage. Nothing beats an oversized garage, some attic space and plenty of closets. "If you have a two-car garage, do you have extra space for those things we all have -- bicycles, lawn mower, snow blower?" says Hummel. "Space is important." A nice plus in the master suite? "His and hers walk-in closets," says Irwin. 10. Basement. "If it's dry, it's a plus," says Kenneth Austin, co-author of "The Home Buyer's Inspection Guide." "But it's a negative if it has water problems." A finished basement adds even more value. "Ten years ago, nobody cared," says Mittenbuler. "Now everybody wants them. |
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Sonja Troncoso is a Certified Residential Appraiser with over 22 years of experience. Categories
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