5 Factors determining appraisal value of homes

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5 Factors determining appraisal value of homes
A variety of factors contribute to valuation of your home. From location and demographics to the appearance as well as its physical features, each factor will have an effect on the appraisal value of your home. Let’s list and explain some of the key factors determining appraisal value of homes in general.

Location Any neighborhood which is close to schools and has proximity or accessibility to amenities will have a better value. If a home is on a large open area not too close to a main road or in cul-de-sac, its value gets enhanced positively. Another location factor that adds value to a home is its surrounding. A surrounding with neat, well maintained and occupied properties has a reinforced value.

Updates A home with updates or upgrades making it current with respect to energy efficiency, safety and overall quality has a better appraisal value.

Newer construction A home which has been built within the span of last 20 years will need less repairs and maintenance. Due to low risks and better amenities catering to modern needs, such homes have a better appraisal value.

Good design A home with a good quality design which is evergreen and has a great visual appeal for prospective buyers will always have a better appraisal value.

Landscaping One must never forget the importance of landscaping when it comes to value appraisal of a home.  A landscaping which compliments the overall design of a home and is easy to maintain is always desirable for prospective home buyers. As much importance you give to the interiors of your home, the equal importance you must give to the landscaping also. In case you need our guidance and assistance with home value appraisals or any other real estate related endeavors, get in touch with us through call or email. We will be more than happy to help you in achieving your goals.

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