Factors that Impact a Home's Value
(StatePoint) It may seem like the size of your home is the be-all and end-all of your home’s value. But there are many other factors that come into play when determining the listing price of a particular home. A new report offers some insights. The Coldwell Banker Home Listing Report, the most extensive home price comparison tool currently available in the country, ranks the average listing price of four-bedroom, two-bathroom homes in nearly 2,000 markets across the country. Analyzing more than 51,000 similar-sized listings, it addresses how much a home in one market would cost if the same home were located somewhere else in the United States. For example, the report reveals that for the price of the average home in Los Altos, California, you could purchase 30 similar-sized homes in Cleveland, Ohio, nine homes in Charlotte, North Carolina, eight homes in Chicago, Illinois, five homes in Miami, Florida or two homes in Seattle, Washington. But why are there such discrepancies? “I...