Value Drivers
When you ask leading realtors like Coldwell Banker, Rick Canup Realtors about putting up a price tag for your home, it would help to know just what factors affect your home’s value in the first place. Its proximity to certain amenities, schools, transportation, and emergency services for one will have a heavy bearing on how much you can get for it.
Land and Home Rebuilding Costs
First, calculate the current land value of your lot – do this by determining the average selling price of land in your community, calculate the price per square foot and multiply the result to your land area. Add to these figures the cost of rebuilding your home, as well as the improvements and additions you have done, and you should come up with an estimate of your home’s fair market value.
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