Find Your Home In Reno

Your Home's Value

For many home buyers, understanding what makes one home more valuable than another seems a bit arbitrary. But the reality is that various features can add thousands of dollars to the value of a home. some of these include:

• Square footage: How big is the house?

• Design: is it a colonial or ranch?

• Floor plan: How well do the rooms “flow”?

• Quality of the neighborhood: is it a highly desirable locale?

• Quality of the public school system: Whether or not you have children who will attend the schools is irrelevant.

• Proximity to public transportation, religious centers, shopping and schools.

• Quality of construction: Was it built by a reputable builder?

• Lot size, view and quality of landscaping.

• How busy the street is. Houses located on “double-yellow line” streets are less valuable than those on streets less traveled.

Your CRS agent can help you understand why these factors are important and how best to gauge your home’s true value. Your agent can also perform a comparative market analysis — an informal analysis of comparable homes in the neighborhood — and recommend a certified appraiser, who can calculate the value of a home at any given time.

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All Contents © Copyright 2006, Barb Tuttle and Bill Nock