Home value

In real estate, the floor plan can make or break your home’s value to potential buyers. We have seen time and time again where a house with an unusual floor plan will sit on the market significantly longer than a home with a typical layout. While the layout may make sense to you and fit your family’s needs, it may not be the best way to invest your hard-earned money if you can’t sell the home down...

The idea of progression must be considered to properly answer this urban legend. Progression is, "An appraisal principle that states that, between dissimilar properties, the value of the lessor quality property is favorably affected by the presence of the better-quality property." In other words, the appearance, value, and desirability of the surrounding neighborhood can and will affect...