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Does a Home Office Affect Property Value in Crofton?

Don’t believe everything you read about which upgrades do or do not increase your property value.  All real estate is local, even hyper-local, and some general statements about real estate just don’t apply in Crofton Maryland and other communities in the Baltimore-Washington area.

Home officeAccording to Allegra Muzillo, in a blog post earlier this month on Real Simple, it will de-value your home to convert a bedroom into a home office.  Just to add validity to her point, she cites a Manhattan real estate expert who agrees, and says doing this will give you one less bedroom to advertise.

In fact, I’ve never seen an agent in this area advertise a home as having three bedrooms when the fourth bedroom is furnished and used as a home office.  And I’ve never encountered a prospective buyer who couldn’t imagine office furniture in a bedroom or bedroom furniture in an office. 

Maybe we’re just smarter in the Crofton area than folks in other parts of the country!  But what about your property value…

I don’t believe it will make any difference at all in the sale price of your home, at least not in the eyes of an appraiser or assessor who is concerned with above-grade finished square footage.  If the room has a closet and a window large enough to satisfy fire regulations for a bedroom, those factors will likely determine if it’s a bedroom – not the furniture placed in the room or its usage.

My recommendation is very simple:  Put your existing living space to work for you! 

In neighborhoods like we have throughout this area, homes are similar enough that comps, market trends and condition will determine your property value.  When you’re ready to sell, focus on de-cluttering, cleaning, neutralizing, making repairs and staging because THAT will make a far greater difference in your selling price than whether or not you have a home office!

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