What factors are taken into account when your property is valued?
Mar 21, 2018
Mar 21, 2018
When it comes to selling your home, it’s safe to say that there’s a lot to think about.
A valuation is an essential part of the process, allowing you to better understand how much your property is worth and where you should set your asking price.
But what can you expect during your property valuation? And what factors will impact upon the value of your home?
Here at Sears, we make moving as simple and straightforward as it can be. To make the valuation process a little clearer, we’ve put together this helpful guide to help you understand the key considerations we take into account when valuing your property…
It goes without saying that location plays an incredibly central role in the valuation of a property. You’ll usually find that the more desirable an area is, the more valuable your property is likely to be.
Factors such as an area’s transport links, parks, schools, shops and restaurants can improve the value of your home as the close proximity of these amenities can make a property more appealing and desirable. We’ll take all of this into account when valuing your property.
As part of the valuation, we'll assess the layout of your home, taking into account the number of rooms and their dimensions. We’ll also look at the size of any gardens or outdoor space, as well as sheds and garages, driveways and any parking facilities. All of our valuations are completely bespoke, so you can expect us to look at all areas of your property in plenty of detail.
If you’ve made any structural improvements to your home, these will all contribute to the outcome of the valuation. The good news is that features such as extensions, loft conversions, and renovations can all add a significant amount of value to your property. We’ll also consider whether there’s any scope for extending or renovating the property further – this can add further value to your home, as we often find that buyers are keen to make the space their own.
We probably don’t need to tell you that key rooms such as kitchens and bathrooms are typically more important in a valuation than other rooms in the property. A fresh, contemporary kitchen or bathroom will add more value to your home, so we’ll make these rooms a key focus of the valuation.
In addition to the size and layout of your property, interior elements such as flooring, double glazing, and insulation will impact upon the value of your house. These will all be taken into consideration during the valuation process, as well as your property’s energy efficiency.
The condition of your property has a major influence on its value. For example, if your home is clean, tidy, and well maintained, with universally appealing aesthetics, its value is likely to be a lot higher than a property that needs significant work.
When carrying out the valuation, we’ll look at any original or period features within your property, as well as the general level of wear and tear throughout your home.
As well as looking at a number of factors within your own property when valuing your home, we will also consider the price of comparable homes already on the market as well as those that have recently sold. This will help to ensure that your asking price accurately reflects the current market conditions.
Here at Sears, we love to talk property! So, whether you’re looking to arrange a valuation or you’d simply like a little more information about putting your property on the market, get in touch!
We’ll provide you with a free, no-obligation, and realistic market appraisal, that will give you a clear understanding of the market value of your property. So, what are you waiting for? Get in touch to arrange your completely free, Sears valuation today!
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