Determining the value of your home is essential when you decide to list your home for sale. An experienced real estate agent like those at Cooperative Real Estate Pros can help you figure out how much your home is worth in today’s market. They will provide you with a Comparative Price Analysis that shows the selling price of recent sales of comparable homes in your area.
Of course, the most important factor is location, and homes on the east coast in beautiful Florida have the advantage. Other elements that affect the value of your home include the housing type, the size of the living space, the layout and the amenities such as a pool or a balcony with a view.
A Great Location
For homes in the desirable Daytona Beach area, the location is a big plus. Homes located right on the Atlantic Ocean or on the Intracoastal Waterway often command an even better price. Towns up and down the Atlantic coast including Daytona Beach, Daytona Beach Shores, Ormond Beach, Port Orange, Ponce Inlet, Flagler Beach, Palm Coast and Port Orange attract year around residents as well as snowbirds who enjoy the relaxed Florida lifestyle. This strong demand keeps property values up.
Depending on the buyer, the housing type can figure into the price of your home. Some buyers will pay a premium for a carefree condominium unit with lots of onsite amenities like a resident’s lounge and a waterfront swimming pool. Others prefer an elegant townhome with the living spaces downstairs and the bedrooms on the second floor. For growing families and people who want more space, a single-family home with a back yard may be more desirable. And for upscale homebuyers, an estate home in a country club community will command a better price.
A rough idea of the value of your home can be determined by multiplying the square footage of the living space by the going rate per square foot in your area. This rate fluctuates over time, so it is essential to ask your experienced real estate agent to research the price of comparable homes that sold within the last few months in your area. After obtaining the price per square foot of several local homes, your agent will add them together and divide by the number of homes to figure out an average price per square foot. You can then multiply the square footage of your home by the average price per square foot in your area to get an idea of the value of your home.
Layout and Amenities
The layout of your home can also influence the price. Buyers may pay more for multiple bedrooms, a split or open layout, a formal dining room and a main floor master bedroom suite. Special amenities like a private inground pool, a screened-in Florida room and a three-car garage generally command a higher price. Luxury homebuyers typically look for expansive balconies with sweeping ocean views and interior architectural details like crown molding, cathedral ceilings, fireplaces and marble and granite finishings. If your home has a private boat dock, so much the better.
Getting the Most for your Home
Ask the experienced real estate professionals at Cooperative Real Estate Pros to help you determine the value of your home for a quick sale at the right price. The agents at this family-owned business will give you the personalized attention you deserve when it’s time to list your home for sale. Click the link above to request a Comparative Price Analysis to see what homes like yours are selling for in the area. Please call 386-931-4683 and let us help you with all your real estate needs.