How to Figure Out What Your Home is Worth

How to Figure Out What Your Home is Worth

 

If you’re wondering what your home is worth, there are a couple steps you can take to figure out an estimated value of your home.

The first thing you’ll need to do is get on Zillow, Redfin, or Realtor.com to see what some of the other houses in your neighborhood have sold for. This is all public information, so searching online can be a really good way to figure out what houses in your neighborhood are going for. Location is a very important factor when determining home valuations and many things involving location can have an impact on your property value. For example, being close to a beach, being close to good schools, and being close to shopping centers can all have an impact on the value of your home.

The next thing you’ll want to do is go through your house and start marking down any repairs that your house needs. This could involve roofing, flooring, plumbing, air conditioning, or anything else that needs to be fixed in your home. From there, you can go on Google to search for what other people in your neighborhood are paying for those repairs. There are many websites that allow you to find out an estimated cost of repairs based on your zip code. This will allow you to see how much money either you or a buyer will need to spend to fix up your property.

The third and final step is to then compare how much money is needed in repairs against how much your house is worth fixed up. From there, you should be able to do some math and figure out what your house is worth right now.

Sometimes it can be tricky to determine the value of your home, but we’re here to help. For a free home valuation by Mac Home Development, just fill out our contact form. We look forward to assisting you in your home-selling process.

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