How to Estimate the Value of Your Home in Nuneaton, Bedworth & Bulkington
If you’re looking to sell your home in Nuneaton, Bedworth or Bulkington, the first question you might have is, ‘How much is my home actually worth?’
Technically, the answer is whatever someone is willing to pay for it, but that answer may not be satisfactory because you have to put a price on your property once it is listed for sale, and you don’t want to undervalue it.
The answer you’re probably looking for is what the value is, based on the market or what an estate agent says. But why not also calculate it yourself to see if it compares?
If you know the value of your own home, it puts you in a better position to sell, refinance or tap into the equity of your home. It also helps you understand your financial health overall, and if you’re selling your home, it can determine the kind of new home you can purchase on your budget.
Tips on Finding the Right Property Valuation
Here are some tips on how to find your home’s value.
Remember, it’s not an exact science!
Managing your expectations for your home’s valuation is important so you can properly consider all the aspects surrounding the value.
There are many factors that can affect the valuation, including:
- Freehold versus leasehold
- The size and layout of your home
- What kind of repairs or upgrades have been completed recently or are needed soon
- Neighbourhood crime rates
- Risk of natural disasters, like flooding
- What amenities are nearby, including transport
Hidden factors can also affect the value, like the home’s wiring, the state of the boiler, any plumbing issues, or any other problems that are not obvious right away.
In general, the more improvements you make to your home, the more the value is likely to increase.
Research the Homes in Your Area
Use property portals to check out listings in your area, and if possible, specifically on your street, to see what the going rate is and to get an idea of what the houses in your area are selling for.
You can also monitor these properties to see how fast they sell, and whether or not they sell at asking price or less, or indeed more.
If a property on your street that is comparable to yours is listed at a certain price and sells within a week, you can gather that the market is hot, and that this particular style of property is in demand
This gives you an idea of where to start for your own home. If you want to take your research further, visit an open house in your area, if possible.
Compare the state of that property to your own, including if the layout is similar, if any upgrades or renovations have been made, and what kind of differences there are that may affect your home’s value against theirs.
This is a great way of getting first-hand information about where to start valuing your home.
Use Tools Online
A quick Google search of the term, ‘How much is my home worth?’ will give you pages of results of home value estimators that you can use online, as well as services you can hire to come to your home and get a third-party opinion.
If you’re using an online home valuation tool, also called an automated valuation model or AVM, the only information you may be asked for is your postal code, how many bedrooms your home has, and what type of property it is.
The valuation given to you is estimated and must not be relied on for an accurate value. They are based on limited information available from public land registry data, so keep in mind it’s only a guide to help give you a starting point.
Get a Valuation from a Professional Estate Agent
The best way to determine the value of your property in Nuneaton is to enlist the services of an estate agent who has excellent local knowledge. An estate agent will come to your home and conduct a market appraisal ensuring you get a thorough, accurate valuation.
When you instruct a market appraisal through Alan Cooper, we will evaluate the current market, your property and comparable properties to give you a good overall picture of where your valuation comes from.
Alan Cooper have been selling homes in Nuneaton, Bedworth and Bulkington for over 30 years.
To book a valuation on your property in Nuneaton, contact our friendly team at Alan Cooper on 02476 349336.
Frequently Asked Questions About Property Valuations
Can online house value calculators (AVMs) give an accurate valuation?
Online estimates can provide a ballpark figure based on limited public data. For a more accurate property value, consider comparable sales in your area and a professional estate agent's valuation.
How do recent sales of similar houses in my neighbourhood affect my house worth?
Prices of similar properties that recently sold in your neighbourhood are a good indicator of your own home's potential value. Estate agents consider these "sold recently" figures when determining valuations.
What's the difference between a house value estimate and an estate agent's valuation?
An online estimate is a starting point. An estate agent considers your specific property, current market trends, and comparable recent sales to provide a more accurate valuation.
Why should I get a professional valuation when selling my house?
A professional valuation from an estate agent helps you set a realistic listing price to attract buyers and achieve a good sale for your house. They consider factors beyond rebuild cost to determine market value.
Alan Cooper are consistently recognised as the top selling agents in CV11 and CV10, assessed by Rightmove Intel.
