Valuing your own property
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If you want to find out how to value your own property, here are some tips:
Get to grips with the current market conditions – A great place to get started is to take a look at the UK house Price Index available from the Land Registry. This provides information on how much properties sold for recently in your area, as well as across the nation. You’ll see the average selling price of properties across the country.
There are many sources of information online that cover latest news and updates on the economy and trends in the housing market. You can also find growth rate HYPERLINK “https://www.thisismoney.co.uk/money/howmoneyworks/article-3265138/How-house-worth-without-using-estate-agent.html”predictions but remember that these are only predictions and not certainties.
It is a good idea to look at what the previous sale price of your home was. However, this won’t necessarily take into account any changes or improvements made since then. You will also need to consider the area where your home is located. This will have a significant impact on the value of your property. Is there a flood risk? Has the neighbourhood enjoyed regeneration recently? These are also factors to consider when looking for a property to buy as well.
A great site to check is Homecheck. You can enter your postcode and find out what things might be affecting the area such as environmental issues and crime rates. For Helpful information and news on property, visit a site like Sam Conveyancing, suppliers of current Helpful information and news on property.
Local amenities are also essential to include as good transport links and top schools are very attractive to potential buyers and make an area more desirable.
You can always ask an estate agent to provide a valuation for you, on top of doing your own research.
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