real estate >> What Factors Influence The Price Of A Home? Yes, it's location, location, location. W hile curb appeal, structural integrity and a brand new set of appliances can impact a home's value, there is one factor that seems to reign supreme. "Homeownership is one of the most solid long-term investments one can make, but it's important to recognize just how much the location of a home can impact the value," says Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate. The new Coldwell Banker Home Listing Report, a highly extensive home price comparison tool, analyzes the listing price of more than 81,000 four-bedroom, two- bathroom homes in more than 2,700 mar- kets throughout the United States. The report found some startling facts: the national average listing price of a four-bedroom, two-bathroom home is $302,632, but all of the top 100 affordable markets in the country have an average listing price under $135,000. Meanwhile, all of the top 25 most expensive markets are $1 million or more. The price differ- ence between the most expensive commu- nity in California and the most affordable in Ohio is $2.2 million. So what accounts for this major value discrepancy in similar-sized homes? Here are several ways in which "where" matters most. LOCAL INDUSTRY Job opportunities available in a given sec- tor can have a huge impact on the market. For example, the continued tech sector growth in Silicon Valley is one of the fac- tors making it one of those most expensive communities in the country. REVITALIZATION Over time, revitalization efforts can make certain communities more attractive to buyers. When a city or region sees an Melanie S. Bishop "SOLD" IS MY MIDDLE NAME www.MelanieSold.com BLOOMFIELD HILLS economic and cultural renaissance, this influences the market. Buyers value related factors like safety, a walkable main street, public transit options and green spaces. imity to natural beauty like beaches and mountains for outdoor activities like ski- ing and surfing, and commuting outlook. For more details about the report, or to see how your area stacks up, visit hlr. coldwellbanker.com. Buying or selling a home is a very emo- tional process. Whether you're listing your home or thinking of moving, take location into consideration. Doing so can help you determine your lifestyle priorities and place an appropriate value on a particular property. * SCHOOLS You may not have children, but it's still important to investigate the quality of local schools. This factor can have a major impact on every homeowner. REGION Regional factors can have a huge effect on a given locality's pricing. These can include year-round weather patterns, prox- Courtesy of StatePoint Over $44 Million Sold in 2014 4130 Telegraph Rd., Bloomfield Hills, Ml 48302 LA: BROOCK X REALTORS° N 1 8 95 248-867-7800 MAX BROOCK BLOOMFIELD HILLS #1 AGENT BLOOMFIELD HILLS WEST BLOOMFIELD UNPARELLELED IN DESIGN, FUNCTION LOCATION EXQUISITE RANCH ON 1.38 ACRES IMMACULATE & PROFESSIONALLY DECORATED One of a kind & recently updated to perfection. Rare materials with onyx and stone baths, hardwood floors. John Morgan kitchen open to family room. Nearly 5500 sq. ft, 6 bed, 4.2 baths plus huge walk-out LL. Master with terrace, breathtaking water views, closet room & dream bath. Enjoy your own pool, spa room & exercise area. Truly exceptional! $1,695,000 Walk to Cranbrook from this recently renovated home with award winning kitchen, gleaming hardwood floors, imported Italian doors, stone bathrooms & architectural ceiling details. Private Master with Euro shower, Whirlpool tub, spacious walk-in closet & built-ins. Nearly 5,000 sq. ft, 4 bedroom suites, 5.2 baths plus finished lower level and 4 car garage. $1,225,000 Two story foyer, hardwood floors & newer carpet. Private study, sunlit white kitchen with granite, butler & walk-in pantries. Family room open to kitchen overlooking pool and backyard surrounded with mature greenery for privacy. Gracious master with 2 walk-ins, tray ceiling & Euro bath. 3,887 sq. ft, 5 bed, 4.2 baths plus finished lower level. $650,000 Ask for Melanie 248-867-7800 Ask for Melanie 248-867-7800 WEST BLOOMFIELD BLOOMFIELD HILLS Ask for Melanie 248-867-7800 BLOOMFIELD HILLS BLOOMFIELD HILLS SCHOOLS SPECTACULAR RENOVATION ENTERTAINERS DELIGHT Fantastic renovation with new elevation, roof, siding, furnace, landscaping and more... 2 story foyer leads to fresh paint, rich hardwood floors, newer windows, gutters, a/c. White kitchen with granite, stone & stainless steel. 3,077 sq. ft, 4 bed, 2.2 baths plus freshly finished basement. Oversized master, new carpet in bedrooms & beautiful bathrooms. $485,000 Just completed fabulous master suite. Gleaming hardwood floors, newer kitchen with granite and stainless. Stone and granite baths, newer windows, doors, & more. 2975 sq. ft, 4 bed, 2.2 baths plus finished LL. 2 fireplaces, newer landscaping & circular drive. Too many features to mention, all on a picturesque 1.24 acre with pond. Bloomfield Hills Schools. $450,000 Vacation in your beautiful country club like yard with sparkling pool. Open ranch sunlit through large picture windows. Fabulous John Morgan kitchen including all the bells & whistles. Hdwd floors, 3 FP, 3 car garage. Quiet master retreat. 4 bedrooms, 3 full & 2 half baths, 2,777 sq. ft. plus finished walk-out on over an acre with Birmingham schools. $450,000 Ask for Melanie 248-867-7800 Ask for Melanie 248-867-7800 Ask for Melanie 248-867-7800 2038590 30 November 19 2015