“Value”, in the context of real estate, is a nebulous term. Homeowners are inherently biased in terms of what features or renovations contribute to increasing the value of their home. A better-suited definition is “Market Value”—based on objective observation of…
In Part 1, we discussed how location affects the market value of a home. In Part 2, we take a look at how physical characteristics are factored into determining property value. Everything from the orientation of a property to the…
In this series on valuing real estate, we’ll look at specific factors that contribute to the overall market value of a property, so you can have a better understanding of how market value is estimated. A home’s value is based…
