How to Determine the Value of Your Home in 8 Easy Steps
You’ve owned your home for several years, made some upgrades, and now you’re starting to think about what your home might be valued at today. Or maybe you purchased your home more recently, but you want to make improvements in the hopes of increasing its value for sale somewhere down the road. Whatever the reason, you want to know how to determine the value of your home.
Whether you’re a new homebuyer or a long-time owner, understanding how a home’s valuation is determined and having an idea of your own home’s worth is a smart move financially. After all, your home is one of your biggest investments, so keeping track of its value just makes sense.
While it’s always recommended to seek the help of qualified real estate professionals when it comes to assessing your home’s value, there are some ways to get a ballpark estimate yourself. Between online valuation tools, looking at recent home sales in your area, or calculating how much your home has potentially appreciated since you bought it, it’s possible to get at least an approximate assessment of what your home is worth.
HomeLight investigated some of the best ways to determine the value of your home, breaking it down into eight easy steps. We researched home valuation strategies on our own, then checked in with real estate agents to get the most accurate information on how to determine the value of your home.
