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How Do You Know What Your Chicago Home Is Worth?
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What is your home worth? I get this question from sellers all the time. It really depends on a number of different things.
For instance, what have your neighbors been doing? Have they been selling their homes for higher prices or letting them go at a very low price? That is going to affect the value of your home.
What improvements have you done to your home? If you bought your home three years ago and didn’t make any improvements, your home may be worth about what you paid for it in the first place. Did you put in new appliances or update the flooring? Things like that can make a big difference.
For instance, what have your neighbors been doing? Have they been selling their homes for higher prices or letting them go at a very low price? That is going to affect the value of your home.
What improvements have you done to your home? If you bought your home three years ago and didn’t make any improvements, your home may be worth about what you paid for it in the first place. Did you put in new appliances or update the flooring? Things like that can make a big difference.
“
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What updates have you made
to the home since moving in?
to the home since moving in?
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Of course, location is key. What is the neighborhood like? What kind of amenities are available in your neighborhood? Does your home have a great view or are you looking at a brick wall? Corner units can sometimes be worth more than interior units.
What’s your motivation? Why are you selling your home? That’s going to have an impact on your home value as well.
If you have any questions, give me a call or send me an email. I would be happy to help you!
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