Every owner wants to sell his property for its maximum value. And all too often they end up choosing a real estate agent simply on the basis of who provides the highest initial valuation. However, this will be a costly mistake.

How your home is valued. If you make a mistake in the estimate, it is possible that it will be sold for a price that is less than the real value of the property. On the other hand, even overpriced homes will discourage potential buyers from viewing your home. Also, high sales prices can even result in a long wait before a good deal comes in or doesn’t sell at all. Therefore, titration is recommended as a suitable agent.

Here are some things that real estate agents take into account during property valuation.

Few factors real estate agents take into account when valuing a property

1. Local services

During property valuation, one of the main factors that can drive the sale price up is the actual area where the home is located. Aspects such as the proximity of the house to schools, shopping centers, banks, restaurants and parks definitely influence the final sale price. A property that has good transport links will fetch a much better price than a house that is in remote locations.

2. Size

When it comes to valuing your property, the size of your home is another vital aspect that real estate agents take into account. The number of bedrooms the property has affects the marketability of the property. Even the size of each individual room largely determines the buyer’s demographics.

3. Aesthetics

Aside from the obvious considerations like keeping your home looking good, neat, and clean, there are a few other aesthetic factors that can help you increase the value of your property. Properties that offer great views or are close to bodies of water will always achieve a better sale price. Just as hotel rooms with panoramic views cost more, so do houses near a river or sea.

4. Curb appeal

Real estate agents believe that the appearance of their property from the outside is just as important as the interiors. After looking around your property, the agent will determine if your front yard looks clean and well-maintained and if your property stands out from the rest. A home with great exteriors will certainly be priced better than those without.

5. Potential

Although the size of the home plays a vital role in property valuation, so is the flexibility of the property being valued. Agents even check to see if a particular property can be expanded. A home that has potential for improvement can help a lot with the sale price. Properties with the scope of upgrades and renovations can drive up sales prices significantly.

Now that you know the considerations, what are you still here for? It’s time for your property to be appraised by qualified real estate agents!