How much is my house worth? Find out how to value and increase the value of your home.
Determining the real value of your home before putting it on the market is one of the most challenging steps in the process. Thorough market research and understanding the factors that increase its value are the two crucial elements for determining the right selling price. We at Homes by Gestilar, as proptech experts in Home Flipping, have over 15 years of experience as developers and are here to inform you about the elements that affect how much your house is worth and how to maximise its potential when it goes on the market.
How to determine the value of your property
Don’t fall for any tricks. Have a clear understanding of the value of your home before you embark on the process of selling it.
Professional valuation
A professional valuation is the most reliable gauge of the aspects that add value to your home, such as location, size, condition and the features that make it unique. It is the best method to obtain an accurate valuation that is endorsed by experts.
Market comparison
What is the selling price of properties with similar characteristics? Conduct extensive research and compare your property to similar properties to get a more precise appraisal of its value.
Although they do not replace a assessment made by a professional, public databases, many of which are available for consultation online, can be a very helpful tool to gather useful information.
Factors influencing the value of your property
Now that you have a general idea of your home’s value, you need to know what elements might raise it so you can start fine-tuning your starting price. Find out which technical and aesthetic aspects are the most appealing to potential buyers.
Location
Easy access to public amenities, transport connections, local parks, proximity to shopping centres and good schools will be considered a plus.
Size and distribution
Prospective buyers prioritise more spacious properties with a functional distribution of the space. In this respect, spacious rooms, additional bedrooms, fitted wardrobes and fully equipped bathrooms are attractive features. You may be interested in renovating your property to increase its market value.
State of repair
It goes without saying that well-maintained and well-kept houses are the most attractive to buyers. Therefore, carrying out repairs, renewing the paintwork and checking the state of the fittings are basic tasks to be performed before putting the house on the market.
Improvements and renovations
We have already mentioned the importance of renovating your home to bring it in line with market demands and increase its value. Opting for an energy efficiency upgrade or modernising rooms that buyers attach particular importance to, such as the kitchen or bathroom, will have a significant impact on the value of your property.
Special features
These could include a spectacular terrace with panoramic views or a well-designed walled garden. Consider the features that make your property unique, as they can significantly enhance its market value.
5 strategies to increase the value of your home
You now know how to calculate the current value of your home. So, to maximise your profit, you need to know how to increase it. We will provide you with 5 foolproof secrets to help you achieve it.
Make sure it creates a positive first impression
Painting the façade, repairing the roof, maintaining the garden and even adding a decorative element that catches the eye at first glance are great ideas to improve the exterior appeal of your home. It’s a must to enhance the perceived value of your home.
Focus on strategic reforms
Concentrate your efforts on what the market demands. For a greater impact, consider modernising key rooms such as the kitchen and bathroom, upgrading appliances and addressing any issues with the cladding.
Invest in energy efficiency
A house for the future must take into account emerging trends and necessities. Choosing a more sustainable lifestyle is already a priority, and it begins within the heart of the home. This is why buyers are increasingly interested in energy-efficient housing. Consider installing solar panels, double-glazed windows, additional insulation and sustainable heating and cooling systems.
Flexible and functional spaces
Every dwelling should adhere to a fundamental principle: the space should be designed to adapt to the needs of the people living there. Rooms that offer flexibility and can serve multiple purposes, such as a home office that can be converted into a games room, dining room or additional study are highly desirable among buyers. Versatility is a differentiating factor that will make your home more valuable.
The luxury of the small details
A home automation system, a swimming pool, a hot tub, a rooftop terrace or a home theatre room. These are the details that will win over prospective buyers.
What if you received an offer with no obligation within 72 hours?
Seeking professional advice is essential when dealing with complex matters that require a thorough knowledge of all pertinent details that could influence the value of a property. This guide is crucial for making strategic decisions with the goal of maximising its market price. At Homes by Gestilar we buy your property, breathe a new lease of life into it and send you a valuation of the property together with a non-binding offer within 72 hours.
The process couldn’t be easier: simply fill out a short form with the details of your propertyand our team of experts will get back out to you to schedule a virtual visit. Within 72 hours, you will receive a non-binding offer for the purchase of your property. Once you accept the offer, we can proceed to visit the property in person and finalise the sale process. We will handle all the necessary paperwork on your behalf, ensuring that you receive expert advice to ensure that you have peace of mind.
Conclusions
If you’re wondering about the current value of your home, you now know about the factors that can impact it and the smart steps you can take to increase its market value.
Homes by Gestilar promises to make you an offer with no obligation within 72 hours. Honest, market-driven and with no unexpected surprises: true to our style. The quickest and safest way to find out how much your house is worth and give it the second life it deserves.