Knowing how to value a house is an important step, especially if you are not a professional in the sector, to ensure that you do not get a bad deal. Location, condition and other factors can greatly influence the value of a home. Even though the real estate market has changed significantly over the years, there are elements that continue to be transversal when evaluating any property. Find out more in this article.
The type of house is one of the fundamental aspects in determining the purchase or sale value. Generally, the greater the number of rooms, the higher the price of the property. So, from T0 to T5 or more, this is the starting point for evaluating the minimum value.
The area of the house is another important factor. A T2 may have a smaller area than a more spacious T1, for example. Properties with good areas, even if they have few rooms, tend to be more valued on the market.
Location is, without a doubt, one of the most determining factors in the value of a property. The proximity to public transport, schools, services and even the type of neighborhood can significantly influence the price per square meter. Furthermore, issues such as noise or the surrounding environment also factor into this assessment.
The year a building was built can reveal a lot about the materials used, the type of construction and the general condition of the infrastructure, such as plumbing and electrical systems. However, being an older property does not necessarily mean devaluation, especially if it has already been renovated with quality materials.
The current condition of the property is essential. Even if the building is old, renovation works can improve the general condition. On the other hand, if the property is very dilapidated, the value will be reduced, as renovation costs influence the valuation.
The finishes of a property, such as the materials used or the care taken in details, make a difference. First-rate materials and well-executed work are signs of quality and increase the value of the home. Additional equipment such as home automation systems, electric shutters, automatic blackouts or smart lighting are always valued. These “extras” can take the property to a higher level.
Natural light is an issue that is often underestimated, but it makes a huge difference in everyday life. Good sun exposure reduces heating energy costs and is a factor highly appreciated by buyers. The energy efficiency of a property also influences its value. Classifications like A+++ (very efficient) are more valued than lower classes such as D or E. Consult the house’s energy certificate to evaluate this aspect, as it is mandatory when buying and selling properties.
A balcony, terrace or garden can be decisive factors in the value of a home. Properties with outdoor space tend to be in greater demand and, consequently, have a higher value.
Before closing a deal, visit the property more than once and, if necessary, take a professional with you, recommends . Observe everything carefully: the condition of the walls, ceilings, plumbing, electrical system, wood, finishes and, in the case of single-story houses, the roof. As they say, it is better to be “picky” at this stage than to face unpleasant surprises after the purchase.
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