When you’re planning to sell your home, the first question that likely pops into your head is, “What’s my home worth?” You may have a figure in your head, but it’s important to assess your home properly. At Coldwell Banker Preferred, Realtors® in Bakersfield, our team can help you find your home’s value and list it at the appropriate price.
In this post, we’ll take a look at a few ways you can find out what your home is worth, including what upgrades you’ve made and what other homes in the area have sold for in the past few months.
What Upgrades Have You Made?
When you first bought your home, you may have had some ideas on what you wanted to improve. Perhaps the kitchen was outdated and you wanted to install new cabinets, new appliances, and new lighting. A kitchen remodel can do quite a bit to up your home’s value, but it’s important to keep in mind that even though you may have put $25,000 into a new kitchen, it’s not likely going to increase your home’s value by that same amount. Our team can help you understand the return-on-investment (ROI) that you should expect when it comes to interior upgrades.
The curb appeal of your home can increase or decrease its value, depending on what state the exterior of your home is in. If the paint is peeling or the siding is coming off, then you’re likely going to have a lower value than what you would like. The actual value of your home may come in lower than you want following a professional inspection or appraisal, simply because the exterior hasn’t been maintained or upgraded in several years. Making some necessary updates can greatly help your home’s value when the time comes to list it.
Determining Your Home’s Value
After you’ve considered what upgrades you’ve made, you may want to sit down and actually come up with a viable number for your home’s value. There are several ways to do this, including online valuation tools and looking at comparable properties in your area.
Do Your Research
There are plenty of ways to calculate your home’s value using online resources, but some tools are better than others. Our real estate agents can provide you with some tips on which ones to use and which ones to stay away from, and we, of course, have our own professional tools that we’ll gladly put to use when you work with us to sell your home.
Look at Other Properties
If there have been several homes in your area that have sold in the past few months, then look into how much they sold for and how they compare to your home. If your home has four bedrooms and three bathrooms, then look at homes with the same floor plan. You can also look at homes with similar square footage, since that’s something potential buyers often take into consideration when searching for a new house. By looking at three or four comparable houses, you should be able to get a good idea of what your home may be worth.
Contact Us Today
At Coldwell Banker Preferred, Realtors®, there’s nothing we love more than helping someone sell their home for a great price. If you’re thinking about putting your home on the market, and you want to know what your property is worth, then please contact us today. We’ll work with you on determining how your interior and exterior upgrades have helped increase your home’s value, as well as what tools you can use to figure out what a good listing price will be.