A home valuation is a useful way to get a quick and easy estimate of the real price of your property. Knowing your home’s value allows you to evaluate what you can afford, determine whether a listing is priced appropriately and decide how to price your own home.
Location factors include the recent history of the surrounding area, availability of community services, and quality of schools. Other common factors include whether or not the property has a view or if it’s a beachfront home.
Size & Features
The square footage of your home is a basis of comparison to other similar properties. While many people seek large houses with generous amounts of space, others prefer the lower maintenance and upkeep of a smaller home. Some styles are also more desirable for buyers than others, such as those featuring an open floor plan. Additionally, the number of bedrooms and bathrooms in your home also play a factor.
Age & Condition
Newer homes and older homes tend to be more valuable than homes in the middle of the spectrum. More importantly, however, is the condition of your home. A well maintained home will show pride of ownership and is more desirable to buyers than homes that need work after the purchase.
An upgraded home is desirable, but be sure not to over-upgrade. It’s a good idea to attend some open houses in your neighborhood to get an idea of how much upgrade you need. Keep a record of improvements that have been made to your home to demonstrate how your home has been well maintained.
Factors, such as location, size, age, and upgrades all have an impact on the potential sale price of your home. Need an accurate value for your home? Contact us to get a complete analysis.