Hi! This is Christina Swain with The Swain Team here today with What Factors that go into Your Homes Value.
Want to know your home’s value is? Does your Zestimate seem off? There are various factors that go into your home’s value such as:
Age and Condition
Your home’s age and the overall level of upkeep are big factors when it comes to home value such as an old roof that degrades the value of the home. On the other hand, a 100-year-old home that’s beautifully maintained and restored can be worth much more. Home buyers want to purchase a home they don’t have to sink a lot of money into from the start.
Does your home’s living room still have that ’70s vibe to it? Perhaps there is wood paneling. That’s going to date your home and reduce its overall value. If the home has an upgraded basement, on the other hand, that adds value, as do things like having an inground pool or hardwood floors throughout.
Being close to the freeway, in an area with neighborhood parks and tree-lined streets with sidewalks, makes all the difference. People want to be able to drop their kids off at a school that’s nearby, grab that coffee, and get to work quickly. Location makes a big difference.
The Local Market
The local market condition matters too. How many homes are on the market? How high is the current interest rate?
If you are thinking about selling and would like a free market analysis to learn your home’s real value reach out to me 267-397-6291