What affects the value of your home?
Property valuation isn’t guesswork – it’s a careful and complex process that takes into account a wide range of factors. From the location and condition of your property to current market trends and comparable sales in the area, every detail plays a part in determining an accurate figure. For many homeowners, understanding this process is not only fascinating but also essential when making important decisions such as selling, remortgaging, or even planning future improvements. A clear and well-informed valuation provides confidence, ensures realistic expectations, and ultimately helps you make the best choices for your financial future.
Location, location, location
Proximity to good schools, public transport, green spaces, and local amenities can boost a property’s value significantly. Areas with low crime rates and strong communities are particularly sought after.
Size and layout
The square footage of your home, the number of bedrooms and bathrooms, and the overall flow of the space all affect value. Open-plan living, for example, is often more desirable today than segmented layouts.
Property condition
A well-maintained, modernised property will generally command a higher price than one requiring major repairs. Features like new windows, updated kitchens, and energy-efficient boilers can all add value.
Local market conditions
If demand in your area is high and supply is low, your home could be worth more than similar properties in neighbouring areas. Market trends can fluctuate, so timing your sale is also a strategic decision.
Comparable sales
Our team examine recent sale prices of similar properties nearby (known as “comparables”) to determine a realistic market value for your home.
When it comes to selling your home, choosing the right estate agent makes all the difference. Our award-winning team is here to guide you every step of the way, ensuring your move is as seamless as possible. Click below to generate a free property report with an estimated valuation, or book a full home appraisal with one of our experts.
