Are you thinking of putting your house on the market? Finding out how much your home costs is deceptive, but it is an important factor for sellers. If it is valued too high and buyers will not even go in the door to look, if it is very cheap and you will not get those precious dollars that should have belonged to you. That is why property valuation is something that needs to be considered in time, with the help of a professional. Continue to learn the tips and tools to help you make that decision.
How to Value your Property
How much does my house cost?
If you do not know how much your home is worth, then it would be good for you to get a property valuation. A professional property valuation will help you look at the current value of your property and what price you can calculate in the real estate market. It can also be helpful when negotiating a price with an agent.
When visiting a property, a valuer will look at several factors when determining the value of the house:
- The age of the building, its structure, and its general condition
- Improvements made in the house
- How many rooms, their layout and presentation
- Fitouts, fixtures, and fittings
- Car access and parking, including garages
- Planning restrictions, council design and location
The real estate agent also considers the recent sale of the same type of property and gives all the measurements to determine the best value of the property.
The estimated price of a professional property ranges from $ 300 to $ 600 in cities and can rise to $ 1,000 in rural areas. There are many residential property valuation companies out there and most offer quotes for their services, so get a few quotes and go with the one you like best.
Many people decide to give their home a small renovation before they call a local valuer to get the best price. This is not a trivial matter for renovations in kitchens, toilets and outdoor spaces that are known to fetch a very high price. Adding green features such as solar panels, and re-use systems in the water can also charge a higher price in the assessment.
But if you don’t want to spend a lot of money on reno, licking new paint or a careful presentation will also help balance.
Property valuation tools
You can get a general feel about the estimated value of your home by using a free online property valuation tool. Others, such as the Real Estate.com.au Property tool, may send you regular updates on the estimated value of your home and allow you to search for real estate sales in your area, and may provide real estate ratings also.
While an online tool provides a good guide to real estate value too many are unable to explore certain nuances that can affect the sale price. According to you, you might want to check out RealAs, who use the current market and consumer-based estimates, and say that about 90% of their predictions are within 10% of the retail price.
Agent quote
Agent quotes are a popular way of valuation and preferred by many people. Quotes are usually based on the experience of the agent and other sales in the area, a good agent can effectively price a home and have a clear plan in mind.
But for a retailer it can take a while to make rounds for local agents to find one to click on, after all you both need to be on the same page, and it’s not always easy to find time to schedule appointments.
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