How to Estimate The Value of a House ESTIMATING HOUSE VALUE REQUIRES RESEARCH AND MARKET KNOWLEDGE. http://www.xelonline.com/estimating-house-value
Methods to Value a House Check comparable property prices Check historic property prices Check property characteristics to determine its type.
Check Comparable House Prices Check how much similar houses are selling for on the same street. Determine the price trends in the area. Assess the overall market trend of the property market. Is the market on a rise or is there a downturn in the market?
Check property characteristics Some of the main characteristics to note when comparing properties are: Number of bedrooms Number of bathrooms Property size. Number of bathrooms Property type; for example for UK properties, is it a terrace, semi detached, detached house. Is it an apartment or a condo etc. Other features to note include; type of windows, heating or air conditioning, overall condition of property, external space condition, whether it has a garage, or off street parking etc.
Other Rules There are some rules that can be applied to arrive at the final property price. For example, if the house for sale has an extra bedroom than the one on the market then money can be added onto the price. The location of the property also plays a part in the price. Check location desirability in comparison to the others being sold.
Further checks For more detailed information on how to determine the price of a house visit: http://www.xelonline.com/estimating-house-value