16 Jul 2024 Cheltenham
Discover the power of our Buyer Network…
Your first port of call is likely to be an estate agent to help you determine the value of your home. But do you ever wonder what’s going on behind the scenes during that all-important valuation appointment? Let’s unravel the mystery and look at what estate agents are really looking for when they’re calculating your the Cotswolds and the Vale of the White Horse property’s worth.
‘How to value my house‘: First Steps
Before we get into the valuation process, let’s talk about how you can get a rough valuation figure. As your local estate agents, we offer instant online valuations, giving you an estimate based on factors like property type, postcode, and the number of bedrooms. Yet, for a clear-cut understanding of what your property could fetch, we recommend an in-person valuation.
What does it cost to know my home’s worth?
Perry Bishop offer free valuations, so it won’t cost you a penny! Click here to book a time that is convenient for you.
Property Valuation
So, how do estate agents value a property, especially in a competitive market? It’s not just about location or square footage; we will look at a multitude of factors that can make or break your property’s market appeal.
The Key Factors:
First Impressions: Kerb appeal matters everywhere, but in the Cotswolds and the Vale of the White Horse, it’s crucial. Spruce up your exterior to make your home stand out.
Condition Matters: A home in pristine condition could earn you top pound, especially in a demanding market.
The Power of the Postcode: The right postcode can add significant value to your property. Proximity to good transport links and top schools is a big plus.
Trending Property Types: Whether it’s a Victorian townhouse or a modern flat, certain styles may be more in demand depending on ever-changing market trends.
Functional Layouts: In an area where space is at a premium, a well-designed layout can hike up your property’s value.
Comparing Apples to Apples: How do estate agents value a property? By comparing it to similar, recently sold properties in your area! Knowledge of the local market is key.
Room for Growth: If you’ve secured planning permission for extensions or renovations, you’re already ahead of the game. these will factor this into the valuation.
Quick Property Valuation Prep Tips
- Consider de-cluttering: Remember that less is more and every square foot counts.
- Garden grooming: If outdoor space is at a premium, making sure your garden or balcony is in tip-top shape can add significant appeal.
- Documentation is King: Having all your paperwork in order can make the valuation process smoother.
- Stage your home: Staging your home to look its best can give you an edge. Consider simple additions like fresh flowers or setting the dining table.
- Fix minor repairs: Small things like a leaky tap or squeaky door can be off-putting. Take care of these little issues to present your home in the best possible light.
- Keep it neutral: A neutral colour scheme can make your home more appealing. Consider a fresh coat of paint in neutral tones to brighten up the space.
- Highlight unique features: If your property has any unique or luxurious features make sure they are clean, accessible, and well-lit during the valuation.
- Check security features: Make sure all security systems are functional. A well-secured home can add to its market value.
Adding these prep tips into your strategy could make a world of difference in how your property is valued.
In Conclusion
When wondering ‘how to value my house’, understanding the whole valuation process is invaluable. Prep your property wisely, and when it’s time to make your next move, you’ll do so with the confidence that you’ve got the best possible valuation.
Do you have questions about how we carry out valuations? Fire away, we are here to help you achieve the best possible price for your home. Contact us today.
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