So, you’re thinking of selling your home? The first step to unlocking its worth is to invite an estate agent over for a valuation. That’s where the magic (and market insight) happens. With a solid valuation in hand, you’ll know what kind of price to aim for and what buyers might pay. But how does an agent come up with that number? Read on for the Davies & Davies inside scoop…
A home valuation is the agent’s educated guess at what buyers might be willing to shell out for your home. They’ll look at a mix of data, including:
It’s normal to feel a bit jittery about a home valuation; after all, an expert is coming in to scrutinise every corner. But here’s what you can expect:
Let’s break down what the agent will really look at during a home valuation (besides your taste in framed cat pics):
Is your home detached, semi-detached, or a charming terraced house? Maybe it’s a flat? The type matters, as does the tenure:
A fresh, well-kept home can fetch a higher price than one that needs a bit of TLC. Expect the agent to examine:
Your agent might also ask questions about your property’s maintenance, such as when the boiler was last serviced or if your windows have been upgraded.
In real estate, size matters! A home with more rooms, square footage, and storage is generally valued higher. Your agent will check out:
In today’s market, a great kitchen can bump up your property’s value by around 10%. And if you’ve got an open-plan kitchen and dining area, that’s even better. Small upgrades like fresh paint on cabinets, a new worktop, or additional storage units can make a difference.
A rather cliched old saying (and show), but it’s true – location can be the biggest factor affecting your home’s value. Your agent will consider:
An agent doesn’t just look at what’s there; they’ll also assess your home’s potential for expansion. A big garden might make your property ideal for a rear extension, or a loft could be ripe for a conversion.
Fixtures and fittings like sinks, built-in appliances, and flooring quality add value if they’re high-quality and match your home’s overall look. On the other hand, worn or dated fixtures could have the opposite effect. Does your home have original period features, like Victorian sash windows or an Edwardian fireplace? Agents know buyers love unique touches, especially if they’re well-maintained. These unique qualities can help set your property apart and add value.
Be open and honest! Share information on any upgrades, past work done, or quirks you think might add appeal. Market appraisals generally take about an hour. You’ll usually have the results within the next day or so with initial thoughts shared during the home valuation.
Yes, we know it’s quite literally a chore – but absolutely. A tidy, clutter-free home shows off your property’s best features, allowing the agent to see its true potential.
Thinking about selling? Start by knowing where you stand. A valuation is a great way to understand your home’s market worth and get ready for the next steps. Good luck, and happy selling!
mark@daviesdavies.co.uk – Sales Director (contact for sales, lettings and new homes)
katrina@daviesdavies.co.uk – Head of Property & Block Management (contact for property and block management)
0207 272 0986
Davies & Davies Estate Agents, 85 Stroud Green Road, London, N4 3EG
Article & images by Barefaced Studios
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