When valuing a property, an estate agent will take into consideration several factors, including…
1. Location
The location of the property is a crucial factor in determining its value. Homes in highly desirable areas, such as those close to good schools, transport links, and amenities, are likely to be worth more than those in less popular locations.
2. Size and layout
The size and layout of the property will also affect its value. Larger homes with more bedrooms and living spaces will generally be worth more than smaller properties.
3. Condition
The condition of the property is also a significant factor in determining its value. A well-maintained home that is in good repair will be worth more than a property that needs a lot of work.
4. Age and type of property
The age and type of the property will also impact its value. Newer properties or those with unique architectural designs may be worth more than older, more traditional homes.
5. Recent sales of similar properties
Estate agents will also look at the sale prices of similar properties in the local area to get an idea of the current market value. This is often done through a comparative market analysis (CMA).
If you are looking to move, whether that is in the near or far future, we would be delighted to help you on this important journey.
Please get in touch with us by visiting our Contact Us page, or by booking a valuation on our Valuation page.
