What factors determine the value of my home?
When selling or having your home appraised, it is important to understand which elements affect its market value. Even a single factor can make a significant difference in the final sale price. That’s why it's essential to thoroughly assess all aspects.
Key factors that determine the value of your home:
1. Location, location, location
Location is one of the most decisive factors in determining your home's value. A property in a popular neighborhood, close to schools, shops, and public transport, is generally worth more than a home in a less favorable area. Factors like traffic congestion, green spaces, and future city developments also play a role.
2. Size and layout
The larger the lot and living space, the higher the value. But the layout of the rooms also plays a role. A practical and modern layout, such as an open kitchen or a spacious living room, makes your home more attractive.
3. Year of construction and overall condition of the property
Newer homes typically require less maintenance and are more energy-efficient, which increases their value. Older homes may have character and charm, but if they need a lot of renovations, it can lower the sale price.
4. Finish level and appearance
The quality of materials, the condition of floors, windows, and the kitchen, and even the style of the home all affect the value. A move-in ready home with modern finishes is typically worth more than a house that still needs a major overhaul.
5. Extra amenities and comfort
Does your home have a garage, garden, terrace, or swimming pool? These extras can make a big difference. A recent kitchen or luxurious bathroom can also increase the value.
6. Energy efficiency and EPC score
Energy-efficient homes are highly sought after. A good EPC (Energy Performance Certificate) score means lower energy costs and a higher market value. Insulation, solar panels, and a modern heating system can positively impact the sale price.
Would you like an accurate appraisal of your home? Our experts are happy to assist with a free and non-binding estimate, so you can confidently take the next step!
