These are factors that account for a homes price in our Ocala real estate market.
Age Homes prior to the mid 90’s do not have today’s open floor plans. Older homes are broken up more into rooms. The kitchen is a separate room from the living room as opposed to new homes where the kitchen and living room are actually a single room divided by a large kitchen island. Older homes are also more expensive to insure because they do not meet the newest building codes.
Size Kind of obvious. Less expensive homes are also smaller.
Garage Most homes here have a 2 car attached garage but smaller older homes have a 1 car garage and sometimes even a carport.
Construction Method Concrete block with a stucco finish is considered superior in this area. In most cases frame homes with stucco or some sort of siding like vinyl or aluminum sell for less money.
Location Similar homes will be priced differently due to the desirability of the community.