Top Tips for Valuing Your Property
Your property valuation might be one of the most important factors of selling your home; it's the guideline that tells you what you should market your property for, and gives you an idea of your financial position post-sale. So, how do you know what affects the valuation of your property? And, more importantly, how do you obtain a valuation?
Your property valuation might be one of the most important factors of selling your home; it’s the guideline that tells you what you should market your property for, and gives you an idea of your financial position post-sale. So, how do you know what affects the valuation of your property? And, more importantly, how do you obtain a valuation?
There are a number of different things that can have an impact on the valuation you receive for your property – some you have influence over, and some you don’t. We’ll take a look at some of those today, and point you in the right direction so you know how to obtain a valuation for your property.
How to obtain a valuation for your home
If you’re working alongside a Real Estate Agent to put your home up for sale, then this is something they’ll take care of for you during the process – they’ll take a look around your home, value it, and then market it at around the value they place upon the property.
If you’re selling your home yourself, then you’ll need to hire an Agent, or a Surveyor to come around and value your property for you, so you know what price you should be selling for. This is important when knowing what you’ll be likely to receive for your home after you sell.
What sort of things impact your home’s valuation?
Unfortunately, not everything that has an impact on the valuation of your home is under your control; the size, and area for example. However, there are a few things that are under your control and by taking steps to improve them, you may be able to increase the value of your home – however marginally.
We know we just said this isn’t something you have much control over, and truthfully it isn’t but… Extensions! If you extend your property then you are technically increasing the size, and this can raise the value of your home. Of course, if this isn’t something you were planning on doing anyway, it could simply be an unnecessary expense.
The outside presentation of your home is the first thing that potential buyers are going to see. If your front garden is a mess, and the outside of your home looks to be in disrepair, that isn’t encouraging for potential buyers and may mean they’re inclined to skip over the property all together. Take a few days to straighten up the front garden, repaint the outside of your house, front door and window frames if necessary. Be sure to make any repairs that need doing, also. All of this will go a long way to increasing both the interest in your property, and your valuation.
That which lies within
Once you’ve got potential buyers through the front door, you need to wow them with what they see – the same can be said for the person valuing your home. If they see a property that needs a lot of work, it’s going to receive a lower valuation. Make sure anyone looking around can see that everything that needs doing is done – and clean up. It’s amazing how many people forgo cleaning and decluttering, but it really is an important step.
Kitchen and bathroom
If you know your kitchen and bathroom suite could do with an update, don’t chalk it up to unnecessary expense. Many buyers will be put off by an old seeming kitchen and a bathroom that needs a lot of work – get those suites replaced and get a higher valuation for your property. It’ll be worth it, we promise!
Real estate, redefined
If you’re selling your home, then perhaps you’re looking to buy a new one, too? Domobase can help! Domobase connects you with the finest Real Estate Agents and Landlords in the area you’re looking to purchase property. Simply link you social media profile with our app – or fill in your details – let us know where you’d like to live, and we’ll have someone get in contact with you. It’s as simple as that!