What Determines What Your Home is Worth

As leading Realtors in Brunswick County, NC, homeowners often ask us if, when, and how they can get the value of their home to go up. There are many factors that come into play when assessing the value of your home – some within your control and some not. At Carolina Plantations you can count on us to assess your home’s worth realistically and fairly and at a price that will appeal to buyers.

 

1. Location
When it comes to determining the value of your home, the neighborhood it is in plays a big role. The price that other homes sold for in your neighborhood, that are the same size as yours, will contribute to determining your listing price.

 

2. Size
It’s not just your property taxes that are affected by how many bedrooms your home has; it’s the accessed value as well. Square footage is equally important.

 

 

3. Extras
That swimming pool you had installed a few years back will increase the value of your home and when you decide to sell your home, that’s money in your pocket. Other extras that will increase your home’s worth are features such as a garage, Carolina Room, and a new roof or heat pump.

4. Renovations
Kitchens and bathrooms are the two most important features that homebuyers look at. Renovate these rooms and you will not only sell your home faster, you’ll add value to your home’s worth at the same time.

In Brunswick County, the single most important factor that will raise home values here or anywhere, is demand. This time of year as we’re entering spring, more and more homes will come onto the market in Brunswick County while the number of those searching for a new home increases as well. As seasoned Realtors, we anticipate demand to steadily increase throughout the year. Give us a call if you’d like us to help you sell or purchase a home.