What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
The 10% Modern Farmhouse Premium
Could your home be described as a "modern farmhouse"? If so, it may enhance the price when you decide to sell.
A recent Zillow analysis examined listing language and sales performance from thousands of for-sale homes in 2018 and 2019. Homes described as modern farmhouses sold for approximately 10 percent above their original list price, on average.
story continues below
loading...story continues above
Other listing language that seems to enhance home prices, per the report:
- Waterfall countertops -- 9.4% premium
- Moroccan tile -- 7.3% premium
- Craftsman-style homes -- 6% premium
- Exposed brick -- 6% premium
Zillow points out that it is not solely the inclusion of these terms that bumps up sales price.
"The most likely explanation for these results is that for-sale homes with these kinds of features in their descriptions may be of generally higher quality all around (or are at least perceived to be), in ways that are difficult to observe or quantify but which tend to lead to a higher final sale price," the report states.
That being said, here is a "modern farmhouse" listing that sold last year in Arlington at a hefty premium.
See other articles related to: modern farmhouse, zillow
This article originally published at https://dc.urbanturf.com/articles/blog/the-10-modern-farmhouse-premium/16545.
Most Popular... This Week • Last 30 Days • Ever
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro