How much is my house worth?
When you're considering putting your property on the market, the first question you’re likely to ask is "how much is my house worth?"
To get the right answer, you need a professional valuation that takes into account the size, layout and condition of your home, as well as local data on the latest property price trends.
When you sell your house online with HouseSimple.com, one of our local property experts will visit your property (at a time and date that suits you) to take eye-catching, high-quality photos and gather all the relevant floor plan information we need to build your valuation.
Then, our team of expert in-house valuers will analyse a wide range of data to give you the most reliable guidance on your asking price. To help you understand how property valuation works, here's a quick look at the top factors that affect how much your house is worth.
Having great amenities near your home can definitely boost your asking price. A good supermarket nearby adds up to 12% to a property's value, while high-performing state schools add up to 25%. One-fifth of Brits are happy to pay more for properties in fast broadband areas, and excellent public transport links can also add value. When London's Crossrail link was announced, the price of properties along the route jumped by 20% more than the average appreciation rate in London and the South East.
2. Local trends
The Land Registry records all property sales in England and Wales, and our valuation experts use this as a helpful source of data to establish the average selling price of similar properties in your area. By looking at local demand, price trends and successful and unsuccessful transactions in the neighbourhood, our team can calculate a fair and accurate asking price that reflects your local market.
3. Size and number of bedrooms
During your free property visit, our local adviser will note down the number of rooms in your home and take measurements and floor plan details. Home improvements that have the biggest impact on value are those that expand and enhance the space – for example, an extra bedroom or bathroom, or a loft conversion.
4. Home improvements
If you've made any recent upgrades to your home – for example, fitting a new kitchen or an updated central heating system – this information will feed into your valuation. These improvements can boost your property value by almost 6%, so consider these if you’re looking to maximise your home’s selling price and potential.
5. Unique features
Attractive features, such as an original fireplace, a south-facing garden or a garage will all factor into your valuation. Private outdoor areas are among the most sought-after features for buyers in the UK today – even if it's a small balcony or terrace. If you don't have any outdoor space, close proximity to parks is another bonus.
6. Overall condition
If your property is in good condition, this will certainly help to boost your valuation. On the other hand, if it needs extensive work or has structural problems, this will limit the amount you can ask for. However, by making necessary repairs before you go to market, like replacing broken or missing roof tiles, or tackling rising damp, you can shore up your home's value.
After we've completed your property visit, we’ll create a bespoke valuation report and discuss our asking price recommendation with you. Once you're happy, the photos and floor plan information will be used to create your property listing, which will go live across our network of over 500 local and national property websites, including Rightmove, Zoopla and PrimeLocation.
Looking for expert advice on how much your property is worth? Sign up with HouseSimple.com today.
How much is your house worth?
Get a FREE no obligation valuation visit from our Local Property Expert.