What Goes into a Home Valuation?
Posted by Aaron and Taylor Conn on
A home valuation, also known sometimes as a comparable market analysis (CMA) takes into account various factors to determine the estimated value of a property. Some key elements that typically contribute to a home valuation include:
1. Location: The location of a property plays a significant role in its value. Factors such as proximity to amenities, the lake it’s on, schools, transportation, and desirable neighborhoods can impact the valuation.
2. Size and layout: The size of the property, including the number of bedrooms, bathrooms, and overall square footage, is considered in the valuation. The layout and functionality of the home also play a role.
3. Condition: The condition of the property, including the age of the home, any renovations or…
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