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A home's condition influences market value. A "fixer upper" may cost
less to buy, but you'll need to put more money into the house to make any
needed repairs. One has to financially plan for any such repairs before
buying a house. A brand new home may cost $200/square foot, a home
with many upgrades may cost $175/square foot, and a "fixer upper" may cost
$125/square foot. Make your own personal decision based on your
financial budget and/or skills as a repair person.
Amenities are also important. A home with a driveway or finished
basement might sell for a premium over a similar house without such
amenities.
The following are some internal factors that may influence the market value of the home:
Air Conditioning, Available, Cost Per Year
Appearance, Good
Appliances, Condition & Age
Asbestos Insulation, Not Used
Attic, Available, Vented
Basement, Available, Finished, Dry
Bathroom Fixtures, Condition, Age
Bathrooms, Number Of
Bedrooms, Number Of
Carpeting, Condition, Age
Closet Space, Adequate
Clothes Dryer Vent, To Code
Driveway & Condition
Easements, None
Electrical, To Code
Foundation, Not Cracked
Garage & Condition
Heating System, Condition, Age, Cost Per Year
Kitchen Cabinets, Condition, Age
Laundry Hookups, Available
Landscaping, Good
Lead Paint, Not Used
Linoleum, Condition, Age
Patio Deck & Condition
Plumbing, To Code
Radon Gas, Minimal
Rodents, None
Roof, Condition, Age
Room Sizes, Adequate
Termites, None
Water Heater, Condition, Age, Cost Per Year
Windows, Condition, Age
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