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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

JULY 12, 2023

Upgrades and Renovations: Improvements made to a property can increase its value, but there is a point at which further upgrades result in diminishing returns. For example, upgrading a kitchen with modern appliances and high-end finishes may significantly increase its value. If you liked this post subscribe by email (or RSS feed ).

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Real Estate Agent Law Real Estate Bracketing 84
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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

NOVEMBER 14, 2023

When considering sales for comps it is important to bracket the square footage so that you get a more complete picture of how square footage affects the sale price of a home. Older homes may have unique features or craftsmanship that adds to their value, while newer homes might have modern conveniences and energy-efficient technologies.

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