If you are thinking about selling your home, or property, the first
question you have is probably "what is it worth?" There are different
ways of figuring this out, whether by yourself, or with the help of
others. There are also different things you can do to improve the value
of your house, if you are looking to do so.
The factors one has to take into account when valuing a house are the following:
1)
The market. If the property market is at an all time low this will
affect the value of your house. It's often harder to sell your house in
this market as well, because there are likely to be more sellers than
there are buyers and people don't have a lot of money to spend as times
are tough (which is some of the reasons the market is down in the first
place).
2) The state of your house. If you house is newly done up
on the outside, redecorated on the inside and filled with modern
appliances that are top notch, it will be worth a lot more than if you
are having electricity problems, your roof has a leak and the paint is
coming off in places.
3) The neighborhood. If you live in an
affluent area with plenty of good schools, great public transportation,
beautiful surroundings and plenty of great facilities the value of your
house will go up, because people value the area it is in.
4) How
old the house is. If you live in an old house, even if things are in
perfect order, chances are that there will be more problems with the
house in the future, than with a newly built house (given the house is
well built). Therefore, an older house is on average worth less.
5)
Perceived value. This may, or may not affect the actual value, but if
someone walks into a house that is well looked after, not just spotless
and clean, but warm and welcoming, they are likely to perceive the value
of the house to be more than an unfriendly house.
If you want to
value your house you can either hire a professional to do so (which will
be pricey, but give you an accurate and independent valuation), or use
various different tools to figure it out yourself.
Online you can
go to the government's site to browse various advice they give you and
you can also use sites that allow you to see how much other houses in
your area have sold for recently. Then you can compare houses similar to
your own in size and condition.
There are also sites which break
down the current market and offer insight into regional trends. The only
thing to beware of is that the data listed can be months old and
therefore somewhat incorrect.
Please also take advantage of our
house valuation guides. We are a company buying houses for cash, so as
part of our services we offer a free valuation of your house, so that we
can give you an offer. When you sell for cash it is always for 80-95%
of the actual value, but you get to sell your house within a week and have all your legal
work taken care of for free, plus there are no estate agent fees and as
we offer to buy any house in the UK, so you do not need to renovate it,
or live in a posh area to get it sold.
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