How to Determine the Value of Your Home

Posted by Steph Kaye on Monday, December 23rd, 2013 at 8:05pm.

Whether you purchased a property before or after the recession, the best way to make sure that you get the most value from your property is to commit to a plan. If you believe that you might be selling your home soon, each decision you make should support that plan. I you plan on staying in your home for a few years and then selling, your decisions should support that plan. If you have no plans of selling your home, you still want to make sure that your home stays at or above market value.  There are many ways to make sure that you get the most value out of your home. In addition to the basic maintenance of your home, there are also updates that can greatly increase your home’s value and quality of life while you are in the home. An experienced real estate professional can help guide you to the best decisions when it comes to financing, home renovations, and of course your overall home value based on neighborhood analysis and real estate trends.

All home updates do not produce the same results, just like all financing is not the same. There are many different options and outcomes to consider when it comes to your home’s value. Home renovations for example, are better done intentionally and with purpose rather than on impulse. It is not uncommon for a home owner to double their renovation investment if they invest in the right areas of their home. Evaluating all of your options by having a real estate professional assess your plans, before you start, will give you the best possible results.

The type of financing that you have is yet another important factor in deciding what the overall value of your home will be. Your home is an investment and like any other investment it is not just the buying and selling price that define the the overall value and profit of your home. You have to take into account maintenance, finance charges, neighborhood information, and the overall state of the real estate market. The type of financing you obtain will affect the overall cost of your home and therefore affect the true overall value of your home.

It is very important that you consider all of the different aspects of owning a home before you make any plans on purchasing or selling a home. Your home is your lifestyle. It will affect your overall financial situation, where you shop, where your kids go to school, where you work, the memories that you make, and just about every other aspect of your life. The Lang Premier Properties Group understands the significance that a home makes in your life. This is why we do what we do. We understand that our clients don’t come to us to just help them find or list a home. They expect us to guide them through decisions that will affect every aspect of their lives. To learn more about the Lang Premier Properties Group, please visit our About Us Page or Contact Us Directly. 

Additional Resources:
http://www.southeastmichiganluxuryhomes.com/home-evaluation.php
http://www.bankrate.com/finance/mortgages/how-to-calculate-a-home-s-value-1.aspx
http://realestate.msn.com/article.aspx?cp-documentid=13108470

1 Response to "How to Determine the Value of Your Home"

Newly Rebuilt Home in Holly wrote: [...]Links

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