How to set the selling price of your home

There is no exact formula to calculate the price of a property. If you are going to sell your home, there are several factors to take into account when establishing a value. Antiquity, location, typology and exhibition are just some of them.

It is important that you are strict when setting a price to get a good deal. You don't want to set the price too low and lose out, but you also don't want to set the price too high and keep the house for sale for too long.

For this, you should seek advice from professionals in the area, do research to understand how the market is in the area of ​​the property and, as a last resort, you can still request an evaluation.


Still, know which factors to take into account before determining the price of your property:

Age of the property
The age of the property is one of the main factors that influence its price. Of course, the more recent the house, the more likely it is to be worth more money, since the type of construction and the state of conservation will be better than, for example, a house with more years of construction.

Localization
Another relevant factor is location. A house with the same characteristics may have different values ​​according to its geographical location. On the other hand, in addition to geography, it is also important to analyze the surroundings of the space, that is, services, accesses, etc. Thus, the area where the property is located and all its surroundings serves as a valuation or devaluation to determine the price.

typology
Another factor that influences the price of a house is its typology, that is, the number of rooms. So, as a general rule, the more rooms the house has, the higher its market value.

Dimension
The size of the property will also affect its price. The square meters of a house are, as a rule, proportional to the value of the house. The bigger the property, the more expensive.

Outer space
Outside space is also important in determining the price. If the property has a garden, balcony or terrace, it will probably be worth more for that. The same happens if you contemplate amenities such as barbecue, swimming pool, garage or others.

sun exposure
Another important factor to take into account is the natural lighting of the property. A house with sun exposure, better natural lighting, warmer and consequently more energy efficient, will be more comfortable and therefore probably more expensive.

fraction height
If the property you are going to put up for sale is an apartment, the floor will have an influence on the price. The higher, the more expensive, as a general rule. That is, a house on the 5th floor tends to be worth more than one on the ground floor, for example. This is because, the higher the floor, the greater the sun exposure and the better view you have.

Safety
Another relevant issue for determining the price of a home is the level of security. If the property is located in an area where there is a feeling of insecurity (robberies and confusion, on a regular basis), this situation will certainly detract from its value.

Source: dn.pt