It’s a question we all face when buying or selling a house: is the home really worth the asking price? Every home is different, so it can seem hard to pinpoint a formula to accurately price a property. The right home valuation for you can make the selling process far easier and less stressful, so knowing these 5 factors play a key role in influencing your home’s value.
- Your neighbourhood is one of the biggest influencers, looking at school systems quality, nearby amenities like grocery stores, any crime rates, etc.
- The housing market, shaped by supply and demand, significantly shapes homes’ value and may fluctuate based on small changes in the local area.
- Your home’s size can often be a major factor for buyers, as well as the general layout or access to a backyard. Traditional home structures tend to carry a more appealing value than more obscure, niche ones.
- You should consider your home’s age and condition also. An older home that’s well conditioned can go for a lot, whereas newer homes are also attractive prospects.
- Your home’s historical sale price can strongly determine how much people have previously been willing to purchase a home. Any recent renovations, of course, can merit a price raise.
Figure out how much your property is really worth is by bringing in knowledgeable property agents like Loewith Greenberg & Company. We’ll evaluate your home’s ideal price, leverage its best features so you can obtain its true value.