14 May 2019

What Do Agents Consider When Valuing A Home?

Posted by: IanWatson

The value of your home has a significant influence on how your house engages the market, or how well it attracts buyers to the listing. Many factors shape demand and interest in your property, but the price is crucial. Therefore, you need to ensure that there is a proper value on your home, and it may be helpful to know what agents consider when valuing a home.

The kitchen has a significant role to play in selling your home

If you want to sell your home, a good quality kitchen grabs attention. The kitchen and bathroom are two crucial rooms when it comes to drawing attention and interest to your property, and you want to make sure your kitchen has a style in keeping with the home.

If you have a modern home, you need to have a contemporary kitchen. If you have a traditional home, you need to have a traditional kitchen. If you add accessories, the new additions should be along similar lines to the look of your room and the overall ambience of the property.

The kitchen is the hub of modern family life, and you want to ensure it is clean, functional and stylish. There are many different styles to choose from, so don’t allow yourself to become bogged down in that aspect, but make sure your kitchen has a defined style, and everything makes sense when viewed together.

If your kitchen makes sense and comes together well, agents will value it accordingly, but if your kitchen is lacking, it can negatively impact the price you can expect to sell.

How much space there is

Space is vital for buyers, and therefore, vendors pay attention to what space is on offer in a home. The number of rooms and potential for modifications influence agents in the value of a home, so you want to have as much space to offer as you possibly can.

Bathrooms are important

As with kitchens, bathrooms are crucial and having more than one bathroom can be of benefit when looking to increase the value of your home. Small en-suite bathrooms add value to your home, so if you are considering an upgrade, this may be a suitable and affordable option which pays dividends.

While the size and condition of your home influences what an agent decides concerning your homes’ value, external factors also shape the outcome.

Transportation helps when selling your home

If you have suitable transport options close to your home, a higher value is likely to be placed on your property. Convenience is an essential factor in the housing market, and if your home is well-located to getting in, out and around, it will help you obtain a better price for your home.

Proximity to good schools

There is a high demand for homes in quality catchment areas, and this leads to higher prices being paid for these properties. Therefore, if your home is in a good catchment area, an agent will apply a higher valuation to the property.

Having an accurate valuation for your home will help you attract buyers and make a sale. If you’re looking for assistance in selling your home, contact Mitchells Estate Agents, and we’ll be happy to help.

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