| Knowing the value of a home or condo is very | | | | proportional to its size. In general, the |
| useful when you are buying, selling or | | | | bigger the size of the property, the more |
| refinancing property. If you are a property | | | | value it has. |
| owner in San Diego and want to find out the | | | | |
| value of your home or condo, then ask a San | | | | Living space Your realtor will measure the |
| Diego realtor to help you assess your | | | | square footage of your home to ascertain how |
| propertys market value. Most Realtors provide | | | | much living space your home contains. In |
| this as a free service to prospective home | | | | general, homes with more square footage tend |
| sellers. | | | | to be worth more than smaller homes. |
| | | | |
| A professional approach and thorough market | | | | Assessment of condition The realtor will |
| knowledge is vital for assessing the market | | | | assess the general condition of your home, |
| value of a property. This is why it is always | | | | which impacts the home's value. He/she may |
| better to opt for a realtor than use online | | | | also recommend improvements at this stage to |
| property valuation tools. A realtor offers | | | | help you augment the value of your home. |
| the unique advantage of giving you an | | | | |
| accurate estimate of your homes value based | | | | Architectural style Home styles that are in |
| on his/her intricate knowledge of local | | | | vogue add more value to your home. |
| market conditions and comparable homes in the | | | | |
| community. | | | | Age of your home In general, newer homes |
| | | | attract higher prices than comparable older |
| Several factors are taken into account by | | | | homes. However, this principal does not |
| your San Diego realtor when he/she assesses | | | | necessarily apply to unique properties or |
| your San Diego home. They are: | | | | historic homes. |
| | | | |
| Type of housing Different types of homes | | | | Features and facilities The realtor also |
| have different pricing. Your realtor will | | | | evaluates the various features your home |
| evaluate your home's market value based on | | | | contains such as the number of bedrooms, |
| what its previous use has been - as a primary | | | | baths, fireplaces, type of heating and |
| home, secondary home, vacation home or | | | | cooling systems, amount of space for parking, |
| rental. | | | | storage, etc. |
| | | | |
| Type of property Your homes value will | | | | Location - The San Diego neighborhood where |
| differ depending on its type, whether it is a | | | | your home is located contributes greatly to |
| single-family home, multiple-family home, | | | | its value. Homes in communities with high |
| condominium, town house, etc. | | | | demand tend to be more expensive than |
| | | | communities with low demand. |
| Size of property The value of your home is | | | | |