The 5 Things That Determine Home Value

    Wonder what your house – or a house you might be looking to buy – is really worth? The short answer is easy: a house is worth whatever someone is willing to pay for it. That’s why you’ll always hear Lucido agents saying the market determines the value of your home.  The long answer is a bit more complicated: value depends on the market as well as some other key elements of your specific property…5 to be exact.

    Here are the 5 key factors that determine the value of a home:

    1. School district
    2. Square footage
    3. Updates
    4. Bonus space
    5. Lot desirability and community

    There are also 5 factors that do not matter when determining the value of a home, contrary to what some might believe.

    Here are the 5 factors that do not determine the value of a home:

    1. Tax assessment
    2. Zillow (Zestimate)
    3. How much you paid for it
    4. How much you have in it
    5. How much you need to get out of it

    Our team sells a home every 4 hours, so when you’re ready to move, you can be sure that we have the experience, expertise, and tools, and strategy to help you achieve a quick + profitable sale. If you want to learn more about the value of your home, and what you can do to increase the current market value, let’s talk. 

    Click here to get in touch, or call us at 410.465.6900 today.

     

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