Important Factors That Will Affect Your House Worth

How much is my house worth

There is no doubt that real estate is a profitable as well as fruitful asset in someone's investment portfolio. On the other hand, the property is an asset that can offer you the best return that will be much higher than the current inflation rate. Selling your old house and shifting to a new one is an essential event in your life.

But How much is my house worth? Well, to ensure the best deal in this, the first thing that you need to know the real worth of your property and the factor that can affect the value negatively and positively. From planned infrastructure to location, aesthetic, size, and facility, there is a lot of factors that can affect your house's worth. Keep reading to know about the significant factors.

The Location
You can ask any real estate experts about the most crucial factor that can affect your house's value, and they will all say one thing, i.e., location. Remember that your house's proximity to all the things, from local highways to local amenities, all can dramatically affect the worth of your house. In general, the house's proximity to tourist destinations, public transportation options, and city centers also determine the location's popularity. On the other hand, the housing market of the city can also affect the value.

The current condition of your house
All the potential buyers will consider the condition of your house. If your house is in immaculate condition, then it will sell for a higher value than the house with poor condition. If the buyer is an experienced person, then he/she will pay attention to all the things, including repair required, for example, windows, doors, plumbing, ceilings, and more. So, if your house has any cracks, then fix them before listing your property for sale. You can search for Tips to fix Floor Cracks and Stains to get some low-cost ideas to fix them. On the other hand, the age of the property can be a crucial factor. The newer the house, the more buyers will be willing to buy it. 

The usable space and size of the home
In general, the market value of your house will be mentioned in price per square foot. This is the total sales price divided they the square footage of the property. For example, if the selling price of a 1,500 square foot home is USD 300,00, then USD 200 is the price for a square foot. Furthermore, the value of your house will also be ascertained by considering its usable space. Attics, unfinished basements, garages are generally don't come under the usable space. If you have more usable space, then get ready to enjoy a better deal.

Updates and upgrades
Home renovation, updates, and upgrades can dramatically increase your house's worth. These things can be useful for older properties with outdated features. For the biggest effect, you can go for bathroom or kitchen renovation. Besides, you can increase the bedrooms. Furthermore, sprucing up the garden can also increase the value by around 20 to 30 percent. 
Property's paperwork and approvals
Another major factor that can decide the house value is the paperwork. Have you received all your approvals? Do you have all the required licenses? Some documents, such as clearances, sale deeds, a title deed, property tax receipts, builder certificates, are essential things in the property evaluation. After all, no one will like to buy a house that has pending paperwork.

Real estate comps
If you want to know the nearly accurate value of your house, then you should check the sale prices of the real estate comps that were sold recently in your area. You can compare the property in terms of:

  • Location
  • Number of bedrooms and bathrooms
  • Square footage
  • Type of home (multi-family home, single-family homes apartment or condos)
  • Year built

It is quite important to understand the worth of the property before selling or buying. If you don't know how to do it, take the help of a professional now. 

Similar Articles

Where to Get Moving Boxes For Free in Massachusetts

Moving can be an exciting time, but it can also be a stressful and expensive endeavor. It is a significant amount of work, from hiring a mover to packing to moving day. One of the major expenses when moving is purchasing moving boxes. However, there are several ways to get free moving boxes in Massachusetts, saving you money and the hassle of searching for them.


In a bustling city like Dallas, where the urban sprawl can be extensive, choosing an apartment with easy access to public transportation is a smart move for commuters. 

Real Estate Market Overview & Top Technology Trends

For an outsider, the world of real estate looks impressive and genuinely easy to explore. Be that as it may, this couldn't be any further from reality. The world of the real estate sector has shown to be a complex and steadily changing business sector — one that has come so far from what it used to be only a few decades prior.

houses for rent

Are you in the market for a new home, but not quite ready to buy? Renting houses for rent can be a great option, but it can also be overwhelming. Where do you start? How do you find the perfect home? 

Affordable Places to Build a Home

Several states offer attractive opportunities when looking for affordable options to build a house in the United States. Oklahoma stands out with its cost-effective land and construction options, while Alabama compares building and buying existing homes. In Mississippi, there are budget-friendly areas for constructing houses.

Understanding Property Encroachment

Understanding property encroachments in Massachusetts is crucial for homeowners and buyers. Massachusetts law allows property owners to take civil action to remove an encroaching structure, provided they can prove ownership and successful adverse possession. Resolving disputes through negotiation is recommended, but legal options exist if necessary.

real estate

Buying a house is a significant milestone in your life. No matter, if you’re a first-time buyer or an experienced landlord, buying a property, is a big deal – and you want to make sure you get it right.

Balancing Comfort and Security: Essential Insights for Homeowners

The place we call home is more than just four walls and a roof; it's our sanctuary, a space that should not only provide comfort but also assure us of our safety.

Mission Property Management: 6 Effective Strategies for Homeowners to Increase Rent Without Losing Tenants (2023)

Renting out your property is a smart investment, but as a homeowner, you may find yourself in a tricky spot regarding increasing the rent. It can be difficult to balance the need for higher rental income and the possibility of losing important tenants. However, The right actions will allow you to increase your rental income without upsetting your residents.