There are many reasons why you may need to figure out the current market value of a home. Maybe you’re selling and trying to decide on a price to set your property at. Maybe you’re trying to buy a house. 

Either way, there are quite a few ways for you to learn the true worth of a property. You can talk to a realtor or get an inspection done on the place. 

If you want to crunch the numbers on your own, there are a million cost calculators online that you can use. Check out this guide to learn how to use these tools to your advantage. 

Go Online

If you want to get some basic numbers, you don’t have to talk to your realtor. You can just type “what is the value of my house” into Google. 

It will pull up several price estimate calculators that you can use. You can also go to real estate sites like https://www.ronneal.com/victoria-real-estate.php and look up other houses in your neighborhood.

Seeing the cost of homes that are in the same sort of condition as yours can give you a better idea of how much yours is worth. 

Talk to a Realtor 

If you want to get a second option on the numbers you crunched when doing your own research, you can get into contact with a realtor. They’ll take a look at the features that your home has to offer. 

They’ll then show you a comparison of other homes in your area that have similar features. It will tell you how much you should list your home for if you’re selling. 

Get an Appraisal

For a more detailed look into your property value, get an appraisal. It’s something that will have to be done no matter if you’re buying or selling. You might as well get it over with. 

It can cost you up to 400 dollars, but the inspector will look into the interior and exterior of your home to give you an actual estimate. 

Do Some Work on Your Home

If you don’t like the numbers that your inspector gives you, there are ways to bump it up. You’d be surprised at what a little cleaning and decluttering can do. 

Update some of your fixtures, rent a steam cleaner to pull the stains out of your carpet, and don’t forget to scrub the windows. You can also offer a warranty. 

It will cover repairs in the event something goes wrong after the buyer purchases the home. Doing so will raise the value up by a lot.  

How to Determine the Current Market Value of a Home?

It doesn’t matter if you’re selling or buying a house. You need to know the current market value of a home. Knowing what price to set your place at will help it go a lot faster. 

There are a variety of different ways to figure out how much the home is worth. If you don’t want to crunch the numbers on your own, there are always realtors and inspectors. 

For more tips that will help you with buying or getting a home off your hands, feel free to explore the rest of our blog.