How Can We Calculate Home's Worth?

Buying and selling your home is one of the big decisions you will encounter. You may even have no idea on where to start. If you are buying, you can easily hire an agent and tell them your expectations and your budget, but selling is quite different, you have to first know your house value else you will be hunted forever for selling your home below value.

There are so many people who experience this challenge of knowing their flat cost in Bangalore.

Follow these steps that will help you to know your home value.

Step 1: Know What “Home Market Value” Really Means

The first thing to do as a home owner is to see if your house meets the requirement of a buyer if your home meets 90% of the following, then you should know that you have a high-value home.

• Location: What is the distance of your home to highways, schools, and shopping centers?

• Safety: Does your neighborhood have sidewalks, underground electrical lines, and a low crime rate?

• Curb Appeal: Is it a modern home or obsolete?

• Square Footage: How big is your home?

• The Number of Rooms: How many bathrooms and bedrooms do you have?

• Schools: What is the rating of the schools in your area? Are there multiple options?

Step 2: Use Free Online Tools to Estimate the Value of Your Home

If you search for your address online, you will surely find facts about your home such as:

• Type of home

• Year the home was built

• Number of rooms, bedrooms and bathrooms

• Square footage of the home

• Square footage of the plot

• Heating and cooling systems

• Number of parking spots

You will not just see these home facts; you will also see the estimated market value. The online software generates this market value by looking at the sales of homes in the area that are similar to yours, local tax assessments, and if the homes are increasing or decreasing in value over time.

Step 3: Work With an Expert and List Your Home at the Perfect Price

Finally, you should contact an agent despite what you find online. These experts have more detailed information about the ongoing flat prices in Bangalore to help you make a better decision about selling your home. To know more about home's value visit One Bangalore West | Phoenix Kessaku