When it comes to selling your home, it’s essential to know the value of the property as accurately as possible. This may not be an easy task, as there isn’t much information available on the market for the average person. Some of this information is only available to estate agents. And it’s not enough to compare with the properties that are for sale or with the last ones that were sold in the area because, the truth is, all properties are different and, consequently, each one has their own value.<\/p>\n\n\n\n
Once this initial comparison has been made, the property’s value needs to be adjusted to reflect the presence, absence and quality of various factors.<\/p>\n\n\n\n
Here are the 7 most important factors in property valuation:<\/p>\n\n\n\n
The first factor is undoubtedly location. Depending on where the property is located, its market price varies. The determining factor here is supply and demand. In more sought-after and desirable locations, the price goes up. Conversely, in places where there is less demand, prices tend to fall when we’re talking about similar houses.<\/p>\n\n\n\n
Another very important factor in determining the value of a property is its area. The price tends to rise in direct correlation with the area of the property (everything else remaining constant). The more square metres of usable area and total area, the more the property is worth, the former being more decisive than the latter.<\/p>\n\n\n\n
The value of a house increases with the number of bedrooms and other areas available. A common way to distinguish houses is by their bedroom classification, indicated by the letter T followed by a number (such as T1 for a one-bedroom house, T2 for two, and so on). Thus, a house with a higher designation, such as T3 or T4, tends to have a higher market value, assuming other factors remain constant.<\/p>\n\n\n\n
The state of repair of a property is a decisive factor in its market value. New or renovated properties generally have a higher value compared to those in need of repairs. This is because potential buyers prefer homes that don’t require a significant additional investment to ensure comfort. In addition, the quality of the finishes in a house, whether new or remodelled, can greatly influence the final price.<\/p>\n\n\n\n
As for the garage, it has become an increasingly desirable element for buyers. The possibility of having a safe and convenient place to park the car adds value to the property, both in terms of safety and convenience. As a result, houses or flats that include a garage are generally sold at higher prices.<\/p>\n\n\n\n
The value of a property is significantly influenced by the quality of its outdoor space. With the recent pandemic, areas such as balconies, terraces or gardens have become even more important, increasing the attractiveness of homes. These outdoor spaces increase buyer interest, which is reflected in a higher market value for the property.<\/p>\n\n\n\n
In addition, a house’s solar orientation and views are increasingly valued aspects. Properties with good sun exposure during the day are highly coveted, which consequently increases their value. This is particularly evident in flats located on higher floors, where, in addition to more sun, you often enjoy privileged views, such as sea or mountain views. This combination of sunlight and panoramic views is a determining factor for many buyers when deciding how much they are willing to pay for a house.<\/p>\n","protected":false},"excerpt":{"rendered":"
When it comes to selling your home, it’s essential to know the value of the property as accurately as possible. This may not be an easy task, as there isn’t much information available on the market for the average person. Some of this information is only available to estate agents. And it’s not enough to […]<\/p>\n","protected":false},"author":1,"featured_media":20381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-20379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"\n