Saturday, April 29, 2023

How to make a proper real estate valuation?

Properly valuing your home before selling it is crucial to set a fair and attractive price. Factors such as location, size, condition, amenities and services, age, and market price should be considered. Seek expert advice and set a competitive price. In Myrentalia Homes can help you.

If you are thinking of selling your home and don't want the process to drag on, it's important that you know the fundamental aspects to properly value it. A proper valuation will allow you to set a fair price that attracts the right buyers and allows you to get the best possible offer. Here are some key aspects to consider before putting your home on the market:

1. Location: It is one of the most important factors when valuing a home. Proximity to shopping centers, schools, public transportation, and other services can influence the selling price. Likewise, the safety and level of development of the area are also important aspects to consider.

2. Size and distribution of the property: The number of rooms, bathrooms, and square meters built can influence the value of the property. In addition, the distribution of spaces can also be a determining factor, as a home with spacious and bright spaces will be more attractive to buyers.

3. Condition and renovations: The condition and renovations made to the home are also a key aspect. A well-maintained home with updated facilities and finishes in good condition will have a higher value than a home in poor condition.

4. Age and antiquity: The age and antiquity of the home are also factors to consider. A new home will have a higher value than an old home that requires renovations.

5. Amenities and services: Additional amenities and services such as a pool, garden, garage, among others, can also influence the value of the property.

6. Market price: It is crucial and the best way to value your home is to know at what price similar properties to yours have been sold or are selling. It will be necessary to have a sufficient number of similar properties to yours, in the same location or similar, so it is considered that you should at least locate 6 properties that allow you to homogenize the witnesses. This will allow you to set a fair and competitive price.

In summary, properly valuing your home before putting it up for sale is essential to get the best possible offer. Keep in mind the aspects mentioned and seek expert advice to ensure that the price you set is attractive to the right buyers.