What Determines Property Value?

The value of your property is based on a mix of objective and market-driven factors, including:

• Location – Proximity to schools, transport, amenities, and neighborhood desirability.
• Condition – Age of the home, maintenance status, and recent upgrades.
• Square Footage – Larger homes generally command higher prices.
• Market Trends – Local demand, interest rates, and economic conditions impact value significantly.

Common Myths About Home Appraisal

Many homeowners misunderstand what impacts a home's appraised value:

• Overpricing your home doesn’t raise its appraised value—it may actually discourage buyers.
• Online tools like Zillow estimates are not always accurate and lack nuance.
• Cosmetic upgrades (like paint or furniture) don’t affect valuation as much as structural or system upgrades.