Why It's Worth What It's Worth
There are many factors to consider when valuing your home. This section reviews the characteristics of your home and community which may help to determine your home's value. Virtually every buyer will be a seller one day, so it pays for both potential buyers and sellers to pay attention to the characteristics that help determine how you present or future home will be valued relative to similar properties in your neighborhood. We also give you some great tips to get you started on the process of enhancing your home's curb appeal.
Part of the answer is subjective – one person's ideal feature can be another person's deal breaker. But in general there are factors that affect a home's value and attract, or detract from its appeal to buyers.
| Area (square feet) | Number of bedrooms |
| Structural condition | Number of bathrooms |
| Total number of rooms | Full, dry basement |
| Energy efficiency | Landscaping, curb appeal |
| Central air | Fireplace(s) |
- Quiet, safe, clean, attractive neighborhood
- Overall positive public perception of the community
- Adequate fire and police protection
- Quality public schools
- Libraries and other cultural institution
- Proximity to shopping, restaurants, recreation
- Access to public transportation
- Well maintained infrastructure
- History of solid property values
- Planned changes to zoning, or proposed development projects that could significantly alter the character of the community
Perhaps the main reason many people choose a particular home is that it simply feels like home. Smart buyers and sellers also keep in mind that a home also represents a big investment in time and money.
Need more information on the value of your home in today's market?
