5 Surprising Factors That Affect Your Property Value

You have decided to sell your home but what would you get for it?

This is when it is wise to invite a reputable estate agent to assist. These property professionals have a deep understanding of the local market and access to valuable data such as recent property sales in your area, trends and similar properties currently in the market.

This information added to the factors below are what determines the right price and attracts the right buyers.

1. Physical inspection. Your agent would need to inspect your home to assess the condition and features of the property. This inspection helps in determining factors that may affect the property's value, such as renovations, maintenance, and any visible problems that might affect structural integrity.

2. Location analysis. The location of a property plays a significant role in its valuation. Factors such as proximity to schools, public transportation, amenities, and safety can affect property values.

3. Property Size. The size of the property, the number of bedrooms and bathrooms, the quality of finishes, and other features like swimming pools or gardens are considered when valuing a property.

4. Zoning regulations. The zoning of a property and its compliance with local land use regulations can impact its value.

5. Market Conditions. The supply and demand for properties in the specific market area at a given time can have a substantial influence on property values. Factors that influence market conditions nationally are economic and political conditions including inflation rates, interest rates, employment levels, crime and access to basic services, such as electricity, water and garbage removal influence property values in all areas.

Give me a call or drop me a mail for a no obligation and totally free market value assessment of your home in the Centurion area.