Your property valuation, things to consider
Given the use of general and broad figures cited in the property market, you would be forgiven for thinking that all properties in a street or area held the same value. This is not the case and when it comes to your property valuation, there are many things to consider. There are some aspects of the valuation which are true to every home in your area but there are also many aspects which are unique to your property, so make sure that your property is valued as strongly as possible.
The size of a property will have an impact on its overall value and this is why you will commonly see the square footage of rooms and homes listed. Some homes can be deceptive, looking larger or smaller than they actually are, but it is the actual space available in a home that matters. In many major areas, property price guides list how much you should be looking to pay per square foot, which indicates the importance of space.
Without adding an extension or converting part of your home, there isn’t much you can do to increase the available square footage of your property but you should look to declutter your home as much as possible. The more available space the better as far as prospective buyers are concerned, which means that the layout and style of the interior of the house is crucial to the overall value of a property.
Your home should be as clean as possible and a house in poor condition will likely be valued at a lower price than a clean house, if all other things were equal. If you have the time to carry out a deep-clean of a property yourself, you should do but if you don’t, it is important that you hire professional cleaners to ensure your property looks at its best.
Unique features of your property
While the size of a property will have an impact on its value, the fact that unique features or aspects of a home can impact on property value should indicate that every home needs to be evaluated in its own right. For instance, if there are two properties that have the same square footage but one of the two properties has more unique features, such as stunning views, parking spaces, genuine antique fittings or even modern features like CCTV camera coverage, this home will hold a greater value.
Some unique features are natural elements, related to the area or home but it is possible to add unique features to your property which increase the value of a home and makes it a more attractive purchase for any buyer.
The exterior of your property
A lot of property owners focus on the inside of their home and don’t focus on the exterior. This is a mistake and you’ll find that many potential buyers have formed a strong impression of a property before they have even stepped foot inside the building.
This is commonly referred to as “kerb appeal” and it is vital that you make sure your property is as attractive from outside as possible.
The desirable nature of the area
This is an area that you can’t impact on as an individual, but it is likely to impact on the overall value of your home. If you live in a highly desirable area, more people will want to live in this area, and this will see prices rising. It may be that your property is in the catchment area for a good school or schools. It could be that your area has recently seen a lot of development and upgrades taking place or that it is located close to strong transport links.
If you do live in an attractive or desirable area, it is vital that you and the company promoting the property make this a key aspect of all promotional material.