Things To Think About When Researching Your Comparable Home Value

By Dave Conklin

I have been in the business of helping home owners to find their comparable home value for more than seven years. It is so often that they make the same mistakes over and over again. In an effort to clear the air a bit, I decided to put this list of things to think about when you are researching your home’s comparable market value.

I know that you probably love your home to death and believe that it is the greatest place to live and it’s wonderful that you feel that way. Just be careful. A common mistake that people make is assuming that their house will be looked at that way by everyone who sees it. The reality is that many people don’t have your taste in decorating or even “smells” in the home. And these little things can greatly affect your home’s comparable home value.

The time frames in which comparable home values change can often startle people. One week your home and be worth “x” and the next week “y”. This is often due to homes that are close your home selling or coming on the market. Another common factor is how many homes are actually currently on the market. There are other things to consider as well.

It is important to be logical when researching your comparable home value. When you’re looking to increase the value you want to do inexpensive things that have a dramatic effect on the “feeling” that someone gets when they walk into your home. Green paint in a kitchen would not be a great idea, for example, because green isn’t a suitable color for everyone. It’s wonderful that you may be a fan of green walls, but the majority of the public isn’t. It’s better to stay with tans, whites and other neutral colors.

Carpet is another incredible option. If your carpet is worn or stained, get rid of it! Home improvement stores will often have carpet remnants available for you at discounted rates. Another thing about carpet; if you have animals or children who pee the bed, have someone who will be honest with you come to the house to tell you if your home smells bad. While some find this comical, buyer’s don not. It’s an immediate turn off. Nothing lowers your comparable home value like a bad smell.

It’s not only inside where you can create an amazing improvement in you homes comparable value. Outside one of the best things you can do is to power wash and then re stain your deck. If it’s been more than a year since you stained… do it again. Have fun with it! Invite some friends over, buy them some pizza and get them in on making you some extra cash! A stained deck and make a back yard look new again!

The last thing you need to understand is the difference between comparable home value and how it relates to an appraisal vs. market value. Simply put, an appraisal considers only what homes have sold for in a very recent time frame and within a very tight radius. Your home’s market value takes other things into consideration, like cosmetics, and other appealing features that your property possesses.

If you’re thinking of selling your home, use a site like GetMyHomesValue.com to find out your homes comparable value. The professional who helps you to determine it (for free) will give you the advice that you need to make sure that you are getting the most for your home.

Before you choose to sell your home, visit Co-Founder Dave Conklin’s site where you can find your house value comparables at no cost to you as well as your comparable home value

Article kindly provided by UberArticles.com

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