Tuesday, May 30, 2006

What Makes One Home More Valuable Than Another?

Buying or selling a home can seem like an overwhelming task. But the right REALTOR can make the process easier - and more profitable. For many home buyers, understanding what makes one home more valuable than another seems a bit arbitrary. But the reality is that various features can add thousands of dollars to the value of a home. Some of these include:
  • Square Footage: How big is the house?
  • Design: Is it a colonial or a ranch?
  • Floor Plan: How well do the rooms "flow"?
  • Quality Of The Neighborhood: Is it a highly desirable locale?
  • Quality Of The Public School System: Whether or not you have children who will attend the schools is irrelevant.
  • Proximity to public transportation, religious centers, shopping, and schools
  • Quality Of Construction: Was it built by a reputable builder?
  • Lot size, view, and quality of landscaping
  • How Busy Is the Street: Houses located on "double-yellow line" streets are less valuable than those on streets less traveled.

Working with the right REALTOR can help you understand why these factors are important and how best to gauge your home's true valve, perform a comparative market analysis (CMA) - an informal analysis of comparable homes in your neighborhood, and recommend a certified appraiser, who can calculate the value of your home at any given time.

Call for a no strings attached, no-hazzel CMA! Log on to www.chamberlinteam.com or http://ajchamberlin.com for more information on buying or selling your home.

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