Page 6 - HomeFit.17 - Hakola

How to Estimate the

Value of Your Home

Finding the market value of take the price of the house you differently, it also affects the
your home is the first step are reviewing and divide it by the value. For example, if one of the
you need to take before you square feet of the home. Then properties is a single-story home,
consider listing your home for take that figure and multiply it by its square footage value would
sale. Unfortunately, it is not an the square footage of your house be higher than a two-story home
exact science. But the more you and you have completed the first because it costs less to construct.
come to understand the factors step in estimating the market
involved in putting a monetary value of your home. Age Matters
value on your home, the easier it
will be for you to list and sell your However, even if two houses It’s a general rule that new
property. have the exact same square home values are more than
footage, the house with three the value of older comparable
If you do a simple Google search bedrooms should be priced homes. However, there is no
on how to value your home, higher than the one with two exact formula for calculating
instant home value sites such as bedrooms. It’s a fact that more the difference. The easiest way
www.zillow.com or http://www. homebuyers prefer three to determine the age factor
redfin.com come up. While these bedrooms. Similarly, if two on homes for sale in your
sites are good for giving you a houses of the same square neighborhood is to go to one of
starting point on how to value footage are constructed the online real estate sites, like
your home, the comparisons
they offer you are not exact.
That’s because the houses
they show might have three
bedrooms, while your house has
four. The homes they show may
have few amenities, while your
home has many.

In order to get the fairest market
value from your home, you need
to first learn how to adjust your
price to comparable homes
based on several factors, the first
one being square footage.

Square Footage Counts

Square footage comparisons
are important because they give
you an easy way to compare
the value of your home with
similar larger or smaller homes
in your neighborhood. Simply

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