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Regal Park Peterborough
Thinking of selling?

We are an independent local estate agent with a knowledgable friendly team ready to help.
We never use high pressure sales techniques and tailor our services to suit you.

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Blog » What's involved in valuing your home?

Everyone wants to sell their home for its maximum value - and sometimes estate agents are chosen simply on the basis of whichever gives the highest initial valuation.


So how do I arrive at a price that not only realistically reflects just what the property is worth, but also maximises what you can achieve for it?

Local amenities
One of the factors that can increase the price of a property is the actual area it’s situated in. Like how close is it to good transport links, school and local amenities?
There are also other considerations, people often talk about the M&S effect – what that means is that if there are lots of upmarket shops and restaurants around, it naturally means the demographic of that area is more affluent. Premium brands tend to be in more high value locations, where houses nearby are more desirable.

Demand
The supply and demand for the area can often increase the high value of the property. If there is a popular demand for family homes in locations and there has not been a house for sale on the street for 6-12 months, then you will certainly be able to ask for more than your competitors in other locations within your area.
If however, you are looking to sell and there have been houses on your road that have recently sold, then these set a good bench mark for your property if they are similar in size.
Surveyors who act on behalf of the banks will often research for a minimum of 3 similar houses sold within the last 3 months before they sign off a property on a survey.

Personal factors
Almost any improvements that have been made to a property will raise the value, particularly if they’ve been carried out to a high-spec standard.

Well maintained
If you have a period property it’s always important to ensure the property is well maintained to help a high valuation. If you have a thatched roof, sash windows, or original  replaces, buyers tend to ask questions like, ‘when was the roof last thatched?’ or ‘when was the chimney last swept?’ If you have an oil fired heating system, again it’s good to have this serviced before putting the property on the market.

Family feel
The ambience of a property can be a factor in determining its value. A well looked after and loved family home will attract buyers looking for the same reason.

Size and Potential
The size of the property and potential to extend the property is a key factor. Assuming the property hasn’t already been extended, the simple fact that it has the land or potential to be extended without compromise of the garden, can again add value.
Lots of people ask me to keep my eyes open for any houses that have room to extend or if they have already been extended. They seem to be looking for more downstairs open plan living space to have family and friends around and to be able to host them.
Loft conversions seem to be popular at the moment too. If you can create a couple of extra bedrooms for growing families then this again will add value. Converting an integral garage into a room is also popular in adding value to your home as most people nowadays do not use a garage for the purpose of a car but by converting it into a room can certainly add value.

Do you want to know what your property is worth? We offer a completely free valuation service with no obligation.
Simply register your interest and one of our friendly team will be in contact to discuss a convenient time for us to visit you.


james_small.jpgJames is the managing director of Regal Park and has been in the Peterborough property industry since 2004.

James is very passionate about what he does and as an independent company James really does care about his customers and will go that extra mile to provide a personal service.

Thinking of selling?

We are an independent local estate agent with a knowledgable friendly team ready to help.
We never use high pressure sales techniques and tailor our services to suit you.