nowing the value of a home Diego home. They are:
or condo is very useful
when you are buying, Type of housing – Different types
selling or refinancing property. of homes have different pricing.
If you are a property owner in Your realtor will evaluate your
San Diego and want to find out home's market value based on what
the value of your home or condo, its previous use has been - as a
then ask a San Diego realtor to primary home, secondary home,
help you assess your property’s vacation home or rental.
market value. Most Realtors
provide this as a free service to Type of property – Your home’s
prospective home sellers. value will differ depending on
its type, whether it is a
A professional approach and single-family home,
thorough market knowledge is multiple-family home,
vital for assessing the market condominium, town house, etc.
value of a property. This is why
it is always better to opt for a Size of property – The value of
realtor than use online property your home is proportional to its
valuation tools. A realtor offers size. In general, the bigger the
the unique advantage of giving size of the property, the more
you an accurate estimate of your value it has.
home’s value based on his/her
intricate knowledge of local Living space – Your realtor will
market conditions and comparable measure the square footage of
homes in the community. your home to ascertain how much
living space your home contains.
Several factors are taken into In general, homes with more
account by your San Diego realtor square footage tend to be worth
when he/she assesses your San more than smaller homes.
neighborhood where your home is
Assessment of condition – The located contributes greatly to
realtor will assess the general its value. Homes in communities
condition of your home, which with high demand tend to be more
impacts the home's value. He/she expensive than communities with
may also recommend improvements low demand.
at this stage to help you augment
the value of your home. Nearby Facilities - Homes that
are situated near the coastline,
Architectural style – Home styles educational institutions,
that are in vogue add more value shopping centers and other
to your home. amenities tend to have better
value than homes that are not
Age of your home – In general, close to such amenities.
newer homes attract higher prices
than comparable older homes. Comparable Sales – The Realtor
However, this principal does not will evaluate the price of
necessarily apply to unique recently sold homes in your
properties or historic homes. community that are most similar
to the property in question.
Features and facilities – The
realtor also evaluates the So if you are a potential home
various features your home seller, enlist the services of a
contains such as the number of local realtor who can not only
bedrooms, baths, fireplaces, type help you determine your home’s
of heating and cooling systems, market value, but will also
amount of space for parking, create a marketing strategy to
storage, etc. help you sell your home in a
timely manner.
Location - The San Diego
About the Author:
San Diego Condos,
Poway Homes and
Poway Real Estate
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Real Estate Advisor
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