There are many features you may love about your current Chicago home or the one you intend to buy. However, it is important to recognize that a property’s value is in the eye of the beholder. Some people may be willing to pay a bit more for some extras, but appraisals are based on actual statistics, not emotions. The following items can make a home more appealing, but do not generally increase a home’s dollar value.
Rooms with a view or fireplace – while beautiful to look at, most buyers enjoy this as an added benefit, not something they want to increase their purchase price.
Count the bathrooms – Most buyers desire at least two bathrooms, one for guests and at least one for residents. The number of bedrooms is more negotiable.
Check the closets – Are they big enough? Is there plenty of space for bedding and towels, as well?
Evaluate the garage and laundry areas – Two-car garages are generally considered necessary and the laundry area should be easy to access.
These features may not be paramount in importance to you, but they may matter to the person who will someday purchase your Chicago home, so they are good to consider.