Remember, It’s Not an Exact Science!
Managing your expectations for your home’s valuation is important so you can properly consider all the aspects surrounding the value. There are many factors that can affect the valuation, including:
Freehold versus leasehold
The size and layout of your home
What kind of repairs or upgrades have been completed recently or are needed soon
Neighbourhood crime rates
Risk of natural disasters, like flooding
What amenities are nearby, including transport
‘Hidden factors’ can also affect the value, like the home’s wiring, the state of the boiler, any plumbing issues, or any other problems that are not obvious right away. In general, the more improvements you make to your home, the more the value is likely to increase.
Research the Homes in Your Area
Use property portals to check out listings in your area, and if possible, specifically on your street, to see what the going rate is and to get an idea of what the houses in your area are selling for. You can also monitor these properties to see how fast they sell, and whether or not they sell at asking price or more. If a property on your street that is comparable to yours is listed at a certain price and sells within a week, and for more than the asking price, you can gather that the market is hot, and that particular property is either in-demand or may have been undervalued. This gives you an idea of where to start for your own home.
Use Online Tools
Use our instant online home valuation tool, the only information you may be asked for is your address, how many bedrooms your home has, and what type of property it is. The valuation given to you is estimated based on information available from public land registry data, so keep in mind it’s only a guide to help give you a starting point to get the right market value.
Get a Home Valuation from a Professional Estate Agent
The best way to determine the value of your property is to enlist the services of an estate agent who has excellent local knowledge, like ourselves!
An estate agent will come to your home and conduct a market appraisal ensuring you get a thorough, accurate valuation.
When you book a home valuation with us, we will evaluate the current market, your property and comparable properties to give you a good overall picture of where your valuation comes from as well as give you up to date marketing advice.
Speak with one of our advisors today for a personal touch.
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