Whether your selling your house or just settling down, it’s important to get a sense of what your home is worth; after all, it’s usually the biggest investment you’ll ever make.
A home’s value is never written in stone; it constantly fluctuates based on the ever-changing housing market and improvements that are made throughout the years.
Why Is It Important To Know My Home’s Worth?
If you’re selling, it’s one of the most important things you’ll do before you list. If you don’t know what price to list your house at, how can you be sure you’re getting the best deal? Homeowners will also need to know their home’s worth for insurance purposes, or if they’re refinancing. Even if none of these apply to you, it’s still a good idea to assess your home’s value, just incase.
How Is A Home’s Worth Determined?
Home worth is determined by assessing almost everything about the house. The size, location, lot size, and number of bedrooms and bathrooms are all huge factors. If you’re looking to raise the value of your house, there are plenty of simple – and not to simple – ways to do so. Upgrading the lighting, flooring, counters, cabinetry, crown molding, pools, and outdoor living spaces can all add to your home worth. Be sure to keep track of any renovations, additions, and improvements you make to the interior and exterior, including the foundation and heating or cooling systems.
How Do I Find Out What My Home’s Worth?
A good starting point is by conducting an online assessment. Want to see how much your home is worth right now? You can just click here to find out, or you can go here to see what other homes in your area are selling for.