Home sellers want top dollar for their property but it’s an entirely different thing to have an inflated sense of expectation as far as price is concerned. This is why knowing the real value of a home before either buying or selling the property is a advised, as establishing a home’s value can become a complicated process.

So, how do Fort Bend real estate brokers and experts determine the worth of a home?

The Home’s Location

Upon buying a property, you may have heard of the classic real estate adage “Location, Location,  Location”. What does this mean for home buyers and investors? It just so happens that the location of a property is very important to consider, not just for convenience’s sake but also for evaluating the worth of a property.

Today home buyers look for properties that offer the same price as others in the area. Also very important are quality local schools and public transportation routes as well as areas that have a strong sense of community. Home buyers while scaling back on their dependence on cars are now seeking out communities that offer security as well as easy transportation routes to get around. This helps increase the value of a property, due to evolving house buying trends.

The Home’s Size and Layout

A few years ago, home buyers were impressed with ample square footage but many today are falling out of love with the concept of large or “estate” when it comes to properties. There’s nothing wrong with buying a 5,000+ square foot house but people should keep the property’s upkeep in mind.

Layout of the home is also an important factor when it comes to determining real value as prospective buyers will prefer an open concept design as opposed to a simple box layout of the same sized home. Another detail that will influence your home’s value is the number of bedrooms the property has. The Fort Bend real estate brokers who list their properties with Fort Bend Connect suggest homeowners should think twice before partitioning one room into two or putting up a wall as that’ll influence the home’s worth.

The Home’s Upgrades

Renovations are very important, but homes with “over the top” renovations and improvements compared to others in the area may not necessarily recoup all of the money spent. The idea is to make the property look common for the subdivision or your neighborhood. So before making significant renovations on your home, visit an open house or your neighbor’s home to see what practical improvements can be undertaken.

Remember to keep records of all repairs and renovations undertaken in the home as that will show potential buyers how well maintained the home is.

Are you a first time home buyer? Or perhaps you need to sell your home but don’t know its value. Whatever the case, the incredible consultative services offered by Fort Bend Connect can guide you towards the best deal.