Deciding on your house's selling price is not as simple as writing down any figure you want. You have to realise that, apart from the floor area, there are other factors which can affect the value of your home. This only means that taking these factors into consideration is imperative to come up with a realistic amount.
One factor which can greatly affect your home's value is its location. Generally, bad location can pull down your house's price by as much as 50 per cent; this is usually the case even if your house looks magnificent. So, what precisely does 'house in a bad location' mean? This can refer to abodes located near landfills, airports, train tracks, sewage treatment centres, etc. It likewise includes homes that belong to neighbourhoods with high crime rates. The unfortunate thing about location-related issues is that there's really nothing you can do to improve your house's value.
Price is also influenced by the overall state of the house. Basically, matters such as a defective plumbing system or a leaking roof can tremendously discourage homeseekers from buying your house. Cases of rodent or bed bug infestation in the house likewise elicit negative responses from home buyers. The good news is that there are measures you can take to prevent these things from lowering your asking price. For the given examples, you can enlist the services of professionals to repair the defects and pest control firms to eliminate roaches, bed bugs and other pests.
Another factor noted to impact the value of houses is the interior aesthetics. Odd or outdated room designs can definitely lessen the appeal of your home. This is why doing some renovation works before putting the house on the market is essential. Unless key areas like the bathroom or kitchen are in really bad condition or you want bigger money, repainting the house would suffice. Bear in mind, in this renovation project, the target is to give your house a welcoming and friendly ambiance.
Indeed, determining the price of your house is a really challenging task. So, unless you have time to extensively research and learn more about the real estate industry, it is best to just get the help of real estate agents.
One factor which can greatly affect your home's value is its location. Generally, bad location can pull down your house's price by as much as 50 per cent; this is usually the case even if your house looks magnificent. So, what precisely does 'house in a bad location' mean? This can refer to abodes located near landfills, airports, train tracks, sewage treatment centres, etc. It likewise includes homes that belong to neighbourhoods with high crime rates. The unfortunate thing about location-related issues is that there's really nothing you can do to improve your house's value.
Price is also influenced by the overall state of the house. Basically, matters such as a defective plumbing system or a leaking roof can tremendously discourage homeseekers from buying your house. Cases of rodent or bed bug infestation in the house likewise elicit negative responses from home buyers. The good news is that there are measures you can take to prevent these things from lowering your asking price. For the given examples, you can enlist the services of professionals to repair the defects and pest control firms to eliminate roaches, bed bugs and other pests.
Another factor noted to impact the value of houses is the interior aesthetics. Odd or outdated room designs can definitely lessen the appeal of your home. This is why doing some renovation works before putting the house on the market is essential. Unless key areas like the bathroom or kitchen are in really bad condition or you want bigger money, repainting the house would suffice. Bear in mind, in this renovation project, the target is to give your house a welcoming and friendly ambiance.
Indeed, determining the price of your house is a really challenging task. So, unless you have time to extensively research and learn more about the real estate industry, it is best to just get the help of real estate agents.
