Every homeowner wants to sell his or her property for its maximum value. And, too often they end up choosing an estate agent simply on the basis of whoever provides them with the biggest initial valuation. However, this will be a costly mistake.
What your house is valued at matters. If you get the estimate wrong, it might sell for a price, less than what the actual worth of the property is. On the flip side, even overpriced houses will put off prospective buyers from viewing your house. Moreover, hefty selling prices can even result in a long wait before any good offer comes in or might not sell at all. Getting the valuation done right agent is thus recommended.
Here are a few aspects estate agents take into consideration during property valuation!
Few Factors Estate Agents Keep In Mind While Valuing A Property
1. Local Amenities
During property valuation, one of the major factors which can drive up the selling price is the actual area where the house is situated in. Aspects such as how close the house is to schools, shopping malls, banks, restaurants and parks definitely affect the final selling price. A property which has good transport links will get a much better price than the house that’s located in secluded places.
When it comes to getting your property valued, the size of your home is another vital aspect which estate agents keep in mind. The number of bedrooms that the property has affects the marketing of the property. Even the size of every individual room largely determines buyer demographics.
Other than the obvious considerations like keeping your house well-maintained, tidy and clean, there are few other aesthetic factors which can help you in raising the value of your property. Properties which offer great views or are close to water bodies will always achieve a better selling price. Just the way hotel rooms with scenic views cost more, so do houses near a river or sea.
4. Kerb Appeal
Estate agents believe that the way your property looks from outside is as important as the interiors. After looking all around your property, the agent will determine if your front garden looks neat and well maintained and whether your property stands out from the rest. A house with great exteriors will certainly fetch a better price than the ones which don’t have.
Though the size of the home plays a vital role in property valuation, so is the flexibility of the property which is being valued. Agents even check if a particular property can be extended. A house which has the potentiality to be improved can help a lot with the selling price. Properties with the scope of improvements and renovation can drive up selling prices significantly.