The Guide to Understanding Your Home Value

Published on: 22 September 2020 Last Updated on: 18 June 2021

As easy as it may sound, ascertaining your home’s value is a complex process determined by several factors. For starters, you may estimate the value of your home by only knowing how much it cost you to acquire it, and how old it is. Before we dive deep into understanding your home value, let’s get to know why it is vital to know your home’s value.

Comprehending the Value of Your Home

Several factors can make you curious when it comes to knowing the value of your property. Maybe you want to relocate and need to know how much you would have from your old home to start your new one. Perhaps you are ready to get a new homeowner’s policy, or maybe you are looking to refinance your mortgage.

What is Your Home Worth?

Many say your property is about as much as someone is willing to pay for it. In this case, all you would have to do is find someone willing to spend as much as you think is worth it. Generally, there is a lot to put into consideration when it comes to house value. The more you know about the factors to put into consideration, the easier it becomes for you to establish an estimated cost.

Critical Factors to Consider

• Recent sales of comparable properties in the area.
• Location and neighborhood of the house.
• Recent renovations and repairs.
• The square footage covered and the age of the home.

Here are three main steps that can help learn your home value:

1. Understand What “Home Market Value” Means

Personal sentiments do not determine your

. How great you think your home is, or highly-priced because of its memories is not substantial. Home market value is the amount one is willing to pay for your home. Consider that a buyer will not visualize your home the same way you would. For example, an old couple is looking to buy your house, but you have swings in the yard. While this may be of aesthetic and practical use for you, the potential buyer may view it as an added expense as they would prefer removal, especially if grandkids are not in the picture.

A potential buyer will be keen on the following, which determines your house value as well.

• Location: They will want to know how far your home is from essential services like schools, churches, highways, and shopping centers.

Rooms: The room to bathroom ratio should meet architectural guidelines.
Safety: If they would like to be future parents or already have kids, security is especially important. Nobody wants to live in a neighborhood where you have to keep looking over your shoulder. When choosing to resell, security is a vast price determinant.
Square Footage: Property size is a crucial factor. Is the compound spacious enough for adjustments here and there to accommodate individual tastes?
Curb Appeal: First appearances are everything. You wouldn’t want to push away potential buyers because of an unkempt curb.
The School District: Young couples or parents would be very keen on this. How many schools are in the area, and are they of acceptable academic standards?
Sales of Comparable Homes in the Area: How much are people willing to pay? Keep track of the number of foreclosures in the area, if there are any.

2. Using Online Tools

Searching for your home address online will help you learn many facts about your home according to public records. Information like age, the type of house it is, the square footage, the number of rooms it has, how much was paid for the home by previous owners, etc. The estimated value for your property is indicated in the public records. Unfortunately, you cannot entirely rely on the information you get online. The report found is only as helpful as the amount of data collected about your house and its neighborhood.

3. Engage the Services of a Real Estate Agent

A real estate agent is very reliable in comparison to online information. Unlike online communication that is limited and may be inaccurate, a real estate agent has real-time data and access to several home listing service databases. The pros and cons will be better determined as they have experience and expertise in the matter. An excellent real estate agent will view your house from different angles and develop an attractive yet reasonable price. Pricing is everything. If the price is too high, it will overstay in the market as nobody is interested. If the price is too low, you will go at a loss, but the right price leads to a thick wallet, a big smile, and a satisfied buyer.

In summary, you ought to engage the services of those with the required evaluation expertise and know-how. The ideal experts should offer you a free house valuation to better determine your property’s worth. If required, they will also help identify a buyer.

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Mashum Mollah

Mashum Mollah is the feature writer of Search Engine Magazine and an SEO Analyst at Real Wealth Business. Over the last 3 years, He has successfully developed and implemented online marketing, SEO, and conversion campaigns for 50+ businesses of all sizes. He is the co-founder of Social Media Magazine.

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9 Things need to Know When Moving to a New Neighborhood

Moving to a new neighborhood can be daunting. Just because a neighborhood looks inviting does not necessarily mean peace of mind. Ever gone phone shopping without knowing the specifications and how it will meet your needs? Shopping blind means you may go home with something less than ideal for your needs. The same goes for looking for a new neighborhood to move in. You can’t call your agent after moving in a couple of days to say you do not like the place. Before you sign a lease or mortgage do your homework first. Thanks to the internet, you don’t have to worry about how to find a job based on your geolocation. I mean, online Ghanaian job postings for employers have facilitated the search for jobs. Nevertheless, searching for the neighborhood of your dreams means you have to consider a lot of other things. For instance, you might want to consider safety, amenities, architectural style, just to name a few. These are some questions to ask yourself before moving to a new neighborhood. These questions will help you to streamline your search in finding the perfect neighborhood with your specifications. Read More: Are You Planning To Relocate To Canada? Question 1 Does the neighborhood have sidewalks? Reason A lot of people do not think of sidewalks when searching for a new neighborhood. Sidewalks actually say a lot about the neighborhood. Sidewalks suggest an active presence of your neighbors. It means amenities are easily accessible either by walking or jogging. Sidewalks also mean the neighborhood is safer. This is because you are less likely to get hit by a car when taking a stroll. The safety of sidewalks makes it extremely desirable especially if you have children and pets. Question 2 Do you have to take care of taxes and other expenses? Reason Most often than not, we focus on buying a home but forget additional expenses. These costs should be an important factor in your decision to move to a new neighborhood. For instance, you may be responsible for your pricey home owner's association fees when moving to a condo or country club. Some of these fees come with rules so you need to understand these before making a decision. If the association forbids parking of motorcycles in driveways and you happen to own one, it is time to consider. Property taxes are another important cost people overlook particularly if you escrow and pay as part of your mortgage payment. Property taxes are taxed based on the value of your home. Therefore, they can increase if you escrow which changes your monthly payment. Prepare yourself to make sure your budget can handle such increment. On the other hand, if you decide to move to a declining housing market, your taxes may decrease. It has its own perks as well. Moving to such a neighborhood means less access to good public services. Question 3 Does the neighborhood have amenities for you and/or your family to indulge in activities? Reason This is a pretty obvious question. Whether you’re single, have a family with children or is retired with your spouse pretty much sums up what you should look out for in a neighborhood. You will want a new neighborhood that has everything to suit your lifestyle. For families with children, they might be interested in communities with parks, a swimming pool, libraries, and others. A young single person with a dog might want a neighborhood with a dog park or bike trails. If you enjoy a good movie at the cinema and you have to drive a long distance to access one from the new neighborhood you might want to reconsider. On the other hand, a new neighborhood may not have some amenities. You will have to compromise in some situations. Make sure the necessary basic amenities are within your reach. Question 4 Does the neighborhood provide you with convenience? Reason Convenience is walking to a shopping center nearby and accomplishing several errands within a very short period. Convenience is getting easy access to stores you frequently visit. The biggest convenience is the ease to commute to work daily. In other words, the more convenient your neighborhood is, the more it affects your happiness. Moving to a neighborhood that has your favorite stores within reach is a plus. Not only do you save money on gas, but you also get to patronize these services at your own time. Ask yourself this, do I have to double my commute trip to work or to school if I move to this neighborhood? Is it really worth that trouble? Question 5 What are your plans for the future? Reason The neighborhood may look great in the present but may be liable to change in the future. In a neighborhood you move into, living in the here and now may be a good outlook on life. However, it does not necessarily mean a good neighbourhood. Check with your local planning office about future developments in your area. It is because you may not want to purchase a new home only to find out it’s in the middle of a new community college. Visiting the planning office and inform you of any future construction project that will affect the neighborhood. So you like the quiet private nature of the neighborhood with mature trees lined up along each side. Probably in the future, these trees will be cut down to build another subdivision. So even if your lot is not directly affected, it may impact the serene environment you’ve come to love. All this may affect your decision of moving to the neighborhood. Question 6 Is the neighborhood situated in a noisy place or has a bad smell? Reason Your well being and health is one important factor when choosing a neighborhood to move into. Visiting the neighborhood several times during the day is extremely important. On paper, the place might be a perfect fit for you, but visiting the place will reveal its secrets. The perfectly lined trees behind the house may be hiding a major road. Train tracks, restaurants, clubs and all that create noise that may be a menace. These bothersome noises will never go away. So while you may get used to them is a gamble. In addition, in the eventuality that you want to move from the place, it is usually harder to sell a place with so much noise. While you are listening, you may want to get a good whiff of the air in the neighborhood. A stagnant lake, sewage problems, and even a corner BBQ joint can create some odors that do not go away. Question 7 What is the crime rate in the neighborhood? Reason This is for your own sake and safety. You do not want your new home to feel like you are trapped in a war zone. It is also easier to know the crime rate of the neighborhood as they are many websites available for that. This makes it especially easier for you to decide if you are stuck between two neighborhood choices. If you find a neighborhood you love and to your dismay, you find it has a questionable crime rat, you should speak to your local police office for more details. It could be just a small area away from your new home acting as a crime magnet. Question 8 Are they good schools? Reason This is a very important question to ask if you have children. The presence of public and private schools from kindergarten to high schools affect the value of a home. If you do not have children, it is very important to understand that the quality of the school system in that area will affect the resale of your home. Also, good schools may add unnecessary costs to your rent if you do not have children. If you do have children, research about the school by seeking advice from fellow parents in the neighborliness. Most schools give tours as well, so might want to take advantage of this. Also, inquire about school activities and extra-curricular activities the school permits. Question 9 What is the neighborhood culture? Reason So you’ve found a neighborhood that fits your budget, has low crime rates, great reviews and all that, what of the culture? Your dream neighbourhood isn’t about statistics and information, is about how the place makes you feel. If you are used to a hip urban neighborhood, you may not be happy in a quiet, family-oriented neighborhood. Doing so means you have to compromise on some things if that’s your wish. The bottom line is, you won’t be happy moving to a neighborhood that does not fit your lifestyle. Make sure the neighborhood you choose has the right culture, then other pieces may fall into place. Read More: Dalhousie, A Perfect Place To Unplug The Anxiety Of Rat Race Of Modern Cities Create A Stunning Outdoor Space With These Residential Landscape Lighting Tips 5 Essential Tips To Designing A Beautiful Front Yard Garden List Of Most Durable Kitchen Flooring

Garden Edging for Beginners

Edging offers a beautiful touch to your garden, but many people think of edging as expensive and time-consuming. It also protects the flowerbeds, lawns, and other plants by creating a boundary for them. Edging makes the perennials and annual flower beds look clearer and more polished. Also, you can paint the brick and concrete edging to create a color theme for your garden. However, you need to consider the plan and design of the garden before creating an edging, and it can be challenging for beginners. Let us know more about edging for beginners that they can use for their home garden. Consider the available space: The amount of available space plays a special role in designing garden edging. For instance, it would not be good to choose large slabs of boulders to create an edging in a small garden. Small brick edging, metal sheets, and plastic sheets are more suitable to use as edging in small gardens. However, if you have sufficient space or a large garden, you can go with any type or style. Make your garden look new by using the most creative edging solutions. Once you are able to decide on what will work best, you will be able to completely transform the garden space and wow everyone who sees it. Plan your budget: You need to plan the budget for your garden because it's a way to narrow down your options. Planning your budget also helps you to save time as you will exactly know what things you can buy within your budget. Now let us know various types of edgings that you can use in your garden. Edging trees might look simple enough, but a lot of things can go wrong if you are not familiar with the processes. If you are looking to make the most out of your budget, you can consider Tree Service Arlington for garden edging. They are professionals that will get the best work done so that you do not have to keep thinking and worrying about overgrown trees on your property. Using funds and spending them on experts will also help you save on expenditures over the long run. Steel, Aluminum, and Plastic: The simplest and most subtle edge of the landscape that effectively separates a lawn from a garden is made of steel, aluminum, or plastic strips 4 inches deep. The metal lawn edge easily bends into beautiful, smooth curves and prevents grassroots from spreading. However, painted aluminum and steel provide the most elegant and sophisticated look of garden edging as it almost disappears into the grass and garden bed. Plastic garden edge types have a prominent black bump on the top edge. They all work best on a reasonable basis; If you have a lot of drops and climbs, it's easy to install a paving edge. Plastic edging: The plastic aging may not look so glamorous, but it is relatively simple and highly convenient to install. As it's available in small sections, you can easily stall one part at a time that requires you to dig the ground with a trench to sink in the edge. The primary benefit of plastic edging is that it is inexpensive and long-lasting. Paver stones: Concrete pavers are another form of material that have a long life and are nearly indestructible. One disadvantage of paver stones is that they are heavy to handle and take time to install. So, you need to take off from work for a few days to perform heavy digging and installation of paving stones. Paving stones are durable and last longer than any other material available for edging. Natural rock: Mother durable material after paving stones that you can use to create an edging. They are available in a variety of shapes, sizes, and colors. They are very easy to install as all you need to do is the edges of each garden bed. However, as they have irregular shapes, you need to choose rocks of similar shape and size to create the most pleasing visual impact. You can visit a garden center for a nursery to buy natural rocks for your garden. Flagstone: Black stones are available in a variety of shades and thicknesses. You can directly place the flat species of flagstone along your garden edge or stack them to create a retro-style look for your landscape. Most local nurseries and garden centers offer some varieties of flagstones. They look pretty in your garden and last for years to come. Brick: Bricks are easily available in every area and are very convenient to install any landscape. All you need is to lay the bricks keeping their wide side down. The challenging part of the installation of bricks is to level them right. A simple way to level them is to use a string or line level or a rubber mallet. Bricks last longer and are relatively cheaper than other materials. Mazzega's landscaping offers premium-quality landscaping materials for residential and commercial use in Kelmscott. If you are located in or near Kelmscott, they can help you in choosing a suitable garden edging solution and offer landscaping materials. In addition to a physical store, they also have an online shop where you can order products on their website. Final Words: These were some garden edging tips for beginners. Creating garden edging is not difficult if you take help from a professional landscaping service. The difficulty level of installation depends on the type of material you choose for landscaping. Following these tips can help you to create a garden edging for landscape owners. Read Also: How to Maintain a Bright and Beautiful Garden During Winter How To Install Artificial Grass In Your Garden – Installation Guide Step By Step How to Choose the Right Containers for Your Container Garden How to Maintain Your Garden Railings?

Are You Ready to Settle Down?

There comes a time in the life of every adult when they start asking themselves big questions. Are you in the right job? Do you want to move to? Are you ready to commit? Like every big decision, it usually takes a lot of thinking and contemplating. But what if you can't decide? After a year, or maybe two, is it time for you and your partner to settle down with each other? Read on to see if you’re ready to take the leap into a lifelong commitment. Are You Ready to Settle Down: Sharing a Home: If you've been together for some time now, it’s reasonable to start thinking about living together. It’s believed that this prepares you for the possibility of marriage in the future. When you spend all of your free time in the same place, you get to know your partner in ways you didn't even imagine. Are you ready for that? If the answer is yes, the first thing to do is find a home for both of you. Try to have an honest talk with your partner about what your home should be like. Is it big or small? City or suburbs? When making a choice about the big stuff, you can pop over to these guys and do some research to get some help deciding. But don't wait too long! If you contemplate too much, your dream home might be gone! Do You Have A Pet? Let's say you have already been living together for a while. You pay the bills, buy groceries, and of course, binge-watch your favorite TV show together. Now, take a look around your place. Do you see a plant? If your answer is yes, congratulations! You are halfway on becoming a serious, grown-up couple. How about we take it a step further, by getting a pet together? It could be a cat, a dog or, hey, even a fish. Have you already made this step? If not, would you want to do that? People say that having a pet is similar to having a baby. You have to walk it, feed it, and take care of it. This can take up a lot of time. If you and your special someone feel ready for this step, that is a good sign for your relationship. It means you are moving forward and growing up as a couple. Still Not Sure? Listen, making such a huge decision can be overwhelming for some. This is one of those things you don’t want to rush. It’s okay to take your time and figure everything out. The worst thing you can do is hurry onto things and regret it after a few months. So make a list. Write down the pros and cons regarding your partner and things you see working in the future. We know it sounds silly, but trust us, it works. Sometimes answering the smallest questions can show you what you really want. See which list is longer and try to be fair and honest with yourself. Otherwise, it may not work out for the best. Result: If you feel ready after reading this, congratulations! You are prepared for a long and happy life together. You can start planning your life as a couple and share the ups and downs together. If not, no worries. Every person is different, and we all have unique ways of making big decisions. So don't beat yourself up. The most important thing is that you find that special someone in your life. When the right time comes, you will know. Read Also: The Need To Settle End Of Tenancy Issues Before Leaving Motivational Tips To Kick Start Your Packing Process For The House Move

The Guide to Understanding Your Home Value

Comprehending the Value of Your Home

What is Your Home Worth?

Critical Factors to Consider

Here are three main steps that can help learn your home value:

1. Understand What “Home Market Value” Means

2. Using Online Tools

3. Engage the Services of a Real Estate Agent

6 Smart Organizing Tips for a Messy Store Room

Modern Home design ideas for crowded families

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9 Things need to Know When Moving to a New Neighborhood

Garden Edging for Beginners

Are You Ready to Settle Down?

The Guide to Understanding Your Home Value

Comprehending the Value of Your Home

What is Your Home Worth?

Critical Factors to Consider

Here are three main steps that can help learn your home value:

1. Understand What “Home Market Value” Means

2. Using Online Tools

3. Engage the Services of a Real Estate Agent

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6 Smart Organizing Tips for a Messy Store Room

Modern Home design ideas for crowded families

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