What Determines the Value of Your Home
Many homeowners like to pay attention to the real estate market in their neighbourhood. After all, your home is a valuable investment, and it’s exciting to see it increase in value as the market continues to appreciate. Watching the surrounding properties go up for sale and gauging the response of prospective buyers helps you to get an idea of the demand in your area. So how do you determine what your home is worth? Market value is mostly based on recent sales in the immediate area, but not all homes are created equal.
The current market can skew prices. An inflated sale price will deter potential buyers and could cause your home to sit on the market for a few weeks before you will be obligated to drop the price. Pricing your home correctly will bring in serious buyers and give you the best opportunity to get a good sale price.
Valuable upgrades can give your property an edge over other listings in the area. If you have upgraded the kitchen and bathrooms or spent some money on professional landscaping, your home will appeal to buyers. Particularly with family homes, buyers are looking for a turn-key purchase where they don’t need to worry about renovating the house. If you are renovating your home but plan to sell within the next few years, try to keep the colours and finishes as neutral as possible. Trendy or unusual upgrades can turn buyers away because they don’t want to overhaul a recently updated space.
The size and location of your lot can also give you added value over your neighbours. If you home backs onto green space, has a beautiful view, or an extra private back yard, potential buyers will gravitate towards your home. Think about what first attracted you to the property when you purchased it, and make sure that your home’s best features are showcased when you put your home back on the market.
As one of Greater Calgary’s leading real estate professionals, I bring a strong, goal-oriented personality to each and every transaction I conduct. From start to finish, I’ll guide you to success no matter if you’re searching for a new home or condominium or looking to get top dollar for your current property. If you’re interested in making the most of your next move, there’s only one name to know. I will get to the root of your goals and desires. Give me a call to discuss your real estate goals. Let’s map out a path together. Allow me to guide you on your real estate journey.
Having watched and participated in the growth of the Calgary area for many years, I’ve developed unique knowledge of its communities and hidden treasures as well as an intuitive feel for its real estate market. I really love to help people downsize to condo lifestyle. I take professional and personal pride in keeping my clients abreast of market trends by sharing my in-depth knowledge of purchasing and selling real estate in Calgary.
Contact Me today and begin your Calgary real estate experience. I look forward to serving you and helping you achieve your real estate goals.