There are several reasons to be curious about what your Acropolis at Golden Horizon is actually worth. One reason is that you may want to sell it in the future, so you want to ensure high returns on your purchase. Another consideration is that you want to make sure you’re getting your money’s worth.
Whatever your reason is, if you want to know how much your home is worth, there are several ways to figure it out. These are the key factors that influence your home’s value.
Any realtor worth their salt will tell you that the most significant factor that affects a home’s value is location. Your home’s proximity to things like infrastructure projects and commercial establishments greatly influences how much your home is worth. These factors make the property more desirable among prospective buyers. Sometimes, the housing market in your location is just more expensive than other areas. For example, Metro Manila is definitely more expensive than other provincial cities because of the capital region’s plentiful job opportunities and general population.
A new home in Acropolis at Golden Horizon has a relatively higher value than most because key elements of the home are newly built, thus making things less likely to break down. Newer critical components of the home like the electrical systems, plumbing, appliances, and roof require less maintenance, reducing the expenses that a buyer will have to pay for.
Larger homes with plenty of usable space will cost more than a smaller home. Living space includes things like bathrooms, bedrooms, attics, finished basements, and general areas within the home. These are highly desirable aspects of the home, and thus they’re highly valued. The more of these spaces you have, the higher the value of your property.
Even though newer homes fetch a higher price tag in the market, an older home with several big-ticket upgrades and updates can add value to your property. Finished basements, additional rooms, wooden flooring, building a swimming pool, or a whole kitchen or bathroom remodel are among the most impactful upgrades you can make to a home.
Comparables, also known as comps, refer to homes that have similar features to your property and are therefore comparable. Looking at these properties and assessing how much they sold for will give you a general idea of how much your home will fetch in the market. For example, if your neighbor sells their house for P1,000,000, but your home is newer, filled with useful features, and located in a nicer part of the neighborhood, it’s more likely that your property is priced on the higher end of the spectrum compared to your neighbors.
Whether you intend to sell your property or simply find out whether you’re getting the best deal, all of these elements put together will greatly affect the value of your Acropolis at Golden Horizon.
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