You know what you paid for it and you know the mortgage, but has the house significantly changed in value over the years? You really owe it to yourself to find out. It may give you more financial opportunities than you ever thought possible.
Discovering Your Home’s Worth
The best way to identify the current value of your home is to bring in a professional real estate firm. The Burnett Real Estate Team is on hand to help with this, and you’re never under any obligation to sell your house or even use the real estate team, should you like the overall home worth. With the aid of a real estate firm, you’ll have access to important information and professionals who can help assist in identifying the potential value of the house.
One of the starting points for identifying your home’s worth is to look at comparable properties within the local community that have sold recently (typically in the last six months or so). Now, these properties are not going to be exactly the same as your own, but by matching the number of bedrooms, bathrooms and similar square footage, it is possible to come up with a reasonable “ballpark” estimate. By taking three of these similar homes and coming up with an average selling price, you now have a price point to begin with.
Moving forward, in order to determine home worth, you now need to look at your own property. How does it compare with the others that sold? Perhaps you recently installed a new roof, or have upgraded the house to include smart technology throughout. You may even have a new basement bedroom and bathroom that the other properties don’t have. It is important to take all of these points into consideration as it will play a major role in identifying the possible value of your house.
Using a Real Estate Agent
With the help of a real estate agent, all of this information is made available. Property upgrades, such as kitchen and bathrooms, have varying improvement values based on your location. A new home office may have more bang for its buck in one area of town over the next. This is why it is so important for you to not just try to come up with a general estimate on your own, but to talk with a real estate professional. The information and data they bring to the table is something you just are not able to procure through Internet searches on your own.
The Time is Right
Now is the perfect time to look into the value of your home’s property. With so many different financial benefits available, you may discover the home worth is much higher than what you may have ever expected. That is exactly why you need to bring in professionals for guidance in coming up with your potential property value. The Burnett Real Estate Team is here to help you determine the value of the house and, should you decide, help you sell.