Factors Affecting House Values
Executive Summary about House Values by Steven Mcdouglass
Although different censuses collate information on the rateable value of houses they do not reflect the market price that might be achieved. There are several factors affecting the value of a house, the most important one being its location. Insurance risks like flooding can affect the value of a house even in a desirable location that otherwise hits all the hot buttons. The SE3 postcode on one side of the junction is regarded as the salubrious Blackheath, while the SE9 postcode is essentially Eltham, which doesn’t carry the same cache or the same house prices as its neighbouring postcode.
Ends of terraces tend to be of greater value than mid-terrace properties because they are not completely enclosed and semi-detached residences [despite being packed so close together one might think they are part of a terrace] attract higher values, although properties that form ‘mansion blocks’ with apartments on different levels in a terrace are usually located in such pricey parts of town they defy the regular terrace values.
Whether there is off street parking [a factor affecting vehicle insurance] is available or a garage at the property can also affect the value of a house and the overall ‘feel’ of the neighbourhood can be very influential on relative values put side by side to comparable properties in similar locations.
How to Estimate My House Value – 3 Great Tips to Help You Save Money!
Executive Summary about House Values by Jordan Ashton
Many people wonder what is the best way to “estimate my house value”.
Tip 1 – If you are selling a home or buying then find a good real estate agent that knows your area very well.
Tip 2 – Use one of the free online house values estimate websites. Most of the time the value is fairly accurate, but I recommend you combine this value with the estimate your real estate agent determined.
Tip 3 – Use the calculated value to save you money on your next home purchase by offering slightly less than the value of the home.
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