What Makes A Home Valuable? By Karen Trynoski, Realtor, NextHome Capital Realty What makes a home "valuable"? When we think of VALUE in terms of real estate, we tend to think of the features and benefits of a home and their relative worth and importance to us. WHO DETERMINES WHAT IS VALUABLE IN A HOME? If you guessed the prospective homebuyer, you are correct! Many factors regarding value are taken into consideration when buyers are searching for their perfect home that include, but are not limited to: * * * * * * Short-term and long-term goals of homeownership Lifestyle Current home trends Location Budget Resell ability Sellers need to be cognizant of current trends of home sales and homebuyers if they want to get their home sold in the shortest amount of time for the best price. Upgraded kitchens and baths 36 Central Keystone Living // SPRING 2018 continue to be perceived by the buyer as valuable because that is an expense that they do not have to bear. One of the easiest ways for a home seller to grasp the reality of their home's value versus the list price is to know the competition. How are other comparable homes priced? What are the features and benefits of these other homes that are currently listed on the market and how long have they been on the market? According to the National Association of Realtor's 2017 Remodeling Impact Report, a new master suite was the most joyful for consumers and the percent of value recouped from the project was estimated to be 52%. A complete kitchen renovation recovers about 62% of value. Adding a new bathroom increased livability for many consumers, recouping 50% of value. A closet renovation improved organization and storage for homeowners and recouping 53% of