Criteria That Determine Market Value

There are many factors that contribute to determining market value. The below list represents the criteria that the market cares about in judging your home’s market value.

  • Location, Location, Location – It goes without saying, but location is probably the most important driver of value in most any real estate market. Often over looked location issues are backing to retail or busy streets.
  • Supply and Demand – Are there lots of properties for sale on your block. If so, this will certainly affect your value.
  • Size – The size of the property allows for more people to live there and will make it attractive to a larger segment of the market.
  • Style – Is the style of the home consistent with the area and those in the neighborhood?
  • Age and Condition of the Home
  • Architectural Significance – Architecturally significant homes are worth more than those that lack significant historical details. This not only applies to the exterior of the home, but also the interior.
  • Amenities
  • Quality of Improvements and Construction
  • Financing