What factors contribute to the valuation of a home?

If you want to sell or buy a house in an area, it is very necessary to know the real value that reflects the price of the house to be sold or purchased, and what are the factors and specifications that contribute to creating that value, in this article the most important of those characteristics that are usually taken care of when buying or selling will be highlighted.

Prime Location

The location of the house is one of the most important factors that play an essential role in estimating the value of the house, as the presence of the house in the city center and near public services, such as schools, hospitals, and universities, makes the demand for it more and thus reflects on its price. House prices in remote areas are low, where there are not enough services as in the city center.

Moreover, some areas are located right close to public transportation, making it easy to move between the city's neighborhoods. So if you want to buy a house or want to sell your own home, you need to take into account these things related to the location, to make sure you make a fair deal that suits you and the other party.

Area of the house and the number of rooms

Also, the area of a house is an important factor when evaluating the price of a house, the larger the space, the more suitable it is for families and their needs. The number of rooms in the house is also very important, as the family usually needs at least two bedrooms, one for the couple and another for children, not to mention the importance of having another room for guests or having two bathrooms in the house.

Therefore, it provides a large area and the presence of more rooms in the house has a major role in the rise in the price of the house and the increase in its desires.

How modern the house is

If you live in a newly built house that does not exceed five years, it is often in excellent condition in terms of paint, kitchen and bathroom fittings, as well as its interior wiring in terms of electricity, water, and sewage. Not to mention its compliance with the new construction conditions against earthquakes. All of this contributes in one way or another to the increase in the market value of the house compared to the rest of the houses in old buildings.

The presence of the house in an apartment complex

Having a home in a new apartment complex is a great advantage that is reflected in the market value of the home. The residential project provides you with many high-luxury services, such as a safe system that operates around the clock, cleaning services, and places for entertainment, entertainment, and exercise, in addition to the presence of places for children that provide them with a suitable environment to enjoy their time near you.

Private parking

The presence of private parking for each apartment is one of the factors that contribute to increasing the price of the house, as it provides private parking for your car, avoiding you from paying side costs in private garages or leaving your car in an unsafe place.

Private parking is very necessary for people who live in remote areas, where public transport is difficult to access, and therefore usually need at least one parking lot to secure the presence of the car in a safe place.

Distinctive design for the house

The design of the house plays an important role in the evaluation of the house, as it is divided into the internal aspect, which includes the layout of the rooms and the quality of the materials used in its design, and the external aspect, which means the external engineering of the building, the more luxurious and distinct the design, the greater the market value of the house.

The presence of a balcony or garden accompanying the house

Some houses feature balconies or small gardens surrounding them, providing a suitable environment for beautiful family sessions or a space for children to entertain. Its presence also contributes to raising the value of the house compared to the rest of the homes that are not available in it.

Stunning view of the house

Your apartment may have a stunning view of the sea or a lake directly, or it may overlook green forests, or house lights that reflect special beauty at night, unlike houses that are located on narrow and crowded streets to overlook each other. All of which play a prominent role in estimating the true price of a home.

These are the most important characteristics that are usually taken into account by real estate professionals to be able to estimate the real market value of the house accurately.