West Midlands Vendors: Property Values
When you sell your home, a lot of things are important, but property values are crucial. If you go to market with an inaccurate valuation on your property, you will struggle to sell your home. Overvaluing your home is just as bad as undervaluing the property, so it makes sense to get the process correct.
We are pleased to say we have helped many West Midlands vendors sell their home, and property values play a key role in this. If you want to know what agents consider when valuing property, so you can improve your home and improve your chances of selling for a better price, we are more than happy to assist you.
How much space is there in the property?
Space is crucial, and the more space you have, the better. Agents will also consider how much potential there is for development at the property. If there isn't much space, but there is the potential to add rooms or elements to the property, you should hopefully see this reflected in the chosen value of your home.
How many bathrooms are in the property?
Studies indicate that the number of bathrooms in a property matters when it comes to property value. The addition of a small bathroom, or en-suite will make a difference to property values, and it is something to consider if you are looking to make home improvements before selling your home?
Is the home in sound condition?
While the appearance of a home can be modified or updated without too much work, if a home isn't structurally sound, there are problems. Therefore, the better condition a property is in, the better the value will be.
What are local schools like?
Many factors outside of the property influence value, and local schools are a major issue to consider when selling your home. If the property is close to a good school, buyers are willing to pay more, which increases the value of the property.
What are local transport options like?
Similarly, local transport options influence the price buyers are willing to pay, and this is reflected in the value an agent places on the property.
Supply and demand of homes in the area is also a factor
There is a lot to be said for timing when it comes to the property market. If there are very few homes on offer in your area, supply is limited, and this pushes prices up. If there is a lot of demand for property in your area, this also pushes the price up. A good agent will consider these factors, and base the valuation on these elements.
At Innovate, we are more than happy to offer you a valuation service, allowing you to know the true value of your property. If you would like to book a free valuation, contact us today, and we will be more than happy to assist you with the process. We aim to help West Midlands vendors sell their home in confidence, and in the most effective way.