How To Value A House To Buy Today

A brand-new kitchen adds value, but rarely 100% of what the owner spent on it. Don't let a seller's expensive taste in marble countertops inflate the price beyond the neighborhood ceiling. 3. Calculate Price Per Square Foot

Sites like Zillow (Zestimates) or Redfin are good for a "ballpark" start, but they are algorithms and can't see the hole in the carpet or the smell of a damp basement. how to value a house to buy

If houses are sitting for 60+ days, you have the leverage to value the home lower and ask for concessions. 5. Don't Ignore the "X-Factors" A brand-new kitchen adds value, but rarely 100%

Proximity to a noisy train track, a busy intersection, or a power plant will always suppress a home's value, regardless of how nice the interior is. Calculate Price Per Square Foot Sites like Zillow

Note: Smaller homes usually have a higher price per square foot than larger ones, so adjust accordingly. 4. Read the Market Temperature

Corner lots or cul-de-sacs usually command a premium.

In urban areas, a high "walk score" can add significant value. 6. Use Professional Tools