What’s My Home Worth?
The
value of a home starts with the homeowners request for market pricing from a
real estate professional. The current
price for homes exists when a lenders appraiser for the buyer evaluates the
subject home.
The
majority of appraisers say the following 4 areas are where homeowners
incorrectly valuate their own homes.
1. A Remodeled Home
Trendy upgrades like swimming pools, gazebo’s, or built in
entertainment centers do not add value to homes. Choose timeless improvements like solid
surface bathroom or kitchen tops, or new wooden cabinets are a safe bet.
2. Basements
A newly finished basement with a half bath adds less than 5% to a
homes value. The addition of a bedroom
can add up to 20% in most cases. Below
grade basements are not included in the total square footage of the home.
3. Required Systems
New water heater, HVAC, or roof does not add value to a home. These items are required to make the home
complete. Likewise, a roof that needs
repair can bring house values down.
4. The Exterior
A home with popping curb appeal adds to a homes value. Well-maintained yards & home exteriors
make for a desirable home to buyers.
Signs of an unkempt yard & neglected siding and wood raises
questions of other issues.
Want to know what your home is worth?
Contact Dino at soldbydino@gmail.com, your NorthGeorgiaRealEstatePro.com today for your exclusive &
accurate market pricing.
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