Location, Location, Location

One of the most important parts of a home’s value is its location. After all, that’s the one thing you can’t change. ¬†When valuing your home, it’s important to consider your city’s home market and ask yourself the following questions:

  • Is the local economy growing?
  • Are people moving there from other towns?
  • Do homes sell quickly?
  • Is the city expanding its borders?
  • How livable is the city?

Your local neighborhood is just as important to your home’s value:

  • Is it an older neighborhood or a more recent development?
  • Who lives there? Are most households families? Singles? Couples? Retirees?
  • Is it convenient to main roads?
  • What are the schools like?
  • Is the neighborhood safe?
  • Who provides the utilities in this area? How’s the service?
  • Are the streets in good repair? What’s the traffic situation?

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