How to do your property valuation?

Posted on 20 May 2020

Valuing your property is difficult since each property has unique features such as location, plot size, floor plan, and amenities. All these aspects of the property need to be taken into account when valuing a property.

Valuing your property can be a long and hard process. There are many things that should be taken into account to then essentially determine how much your property is worth.

Step 1: Find evidence of sold prices recently

Here you are looking for sold prices as close to your  property (same street or as close as possible) being the same type and with the same number of bedrooms. You should find properties that are very similar to yours and that have the same facilities.

Step 2: What’s on the market now

You will need to investigate and uncover your current local property market. Study the comparable properties, be critical and unbiased. You need to compare them and decide why they take out these similar properties may have different prices.

Of course there may be factors to what makes a similar property have a big difference in it’s price tag.

This may be due to the following :

  • It has ensuite bathrooms
  • Newly fitted Kitchen
  • Off road parking
  • A bigger garden
  • Newly decorated
  • Well maintained
  • Double sized bedrooms
  • A better property type
  • A better location, and the list goes on..

As you can see, the simple answer is that there is no easy way to exactly determine how much a property is worth. Valuing a property is all about using the comparable evidence, and looking at what is on the market.

We can give you a free, instant, online property valuation. Just follow the link below:

Email: [email protected]

Phone: 01293 278312

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