Are you thinking of selling your home? Here’s a fact: The market for Charleston homes has grown from what the value was ten years ago. Buyers are willing to pay for a home that is worth its value. However, keep in mind that your home is only worth what someone will pay. So, it’s important to have a good sense of what your home is worth.
4 Factors to Discovering the Value of Charleston Homes
No matter where you live, the real estate market fluctuates. Neighborhood school ratings can rise or fall. The value can even be affected if you’ve renovated your kitchen or bathroom. However, there are a few things you can do on your own to determine your property value. Four factors to consider when determining the value of Charleston homes are:
- Decide What Separates Your Home from Others
If you’ve made home improvements, this can help increase the value. Installing a new roof or adding new insulation helps increase a home’s energy efficiency. A bonus room above the garage increases the square footage of the home.
- Get an Opinion from a Qualified Real Estate Agent
Many people choose to get information about their home value from the internet. However, you should ask an experienced real estate agent about the value of Charleston homes. They can develop a competitive market analysis. This will help you find the most accurate value of your home.
- Understand What Your Goals Are
How soon are you ready to sell your home? Answering this question plays a key role in determining your home’s value. If you’re looking to get top dollar, then you can price it higher. If you’re looking to sell it quicker, then a more modest price is what you should shoot for.
- Consider the Three C’s of the Real Estate Market
The three C’s to determining the value of your home are competition, consumption and condition. Competition means you’ll need to know how many homes in your price range are on the market. Consumption means how many homes are sold in your neighborhood per month. Condition means to compare your home with others that are on the market.
We Can Help Determine the Value of Charleston Homes
Finding out the value of your home can be a tricky process if you’re doing it on your own. This is why it’s important to seek the help of an experienced real estate agent. At Charleston Home Team Real Estate, we strive to stay current on the ever-changing value of Charleston homes. Contact us today at (843) 628-3960 to start the process today!