Kaya 959 Reporter
Do you want to know how much your home is worth?
There are a number of factors that have a big impact on the value of your home.
When it comes to valuing their properties, homeowners who are planning to put them on the market should pay close attention to factors that influence the value of their property.
The value of a home is frequently underestimated or overestimated by sellers.
This huge home pricing blunder either results in a home selling too quickly (for insufficient money) or a home not selling at all (or, at least, not for an extended amount of time).
Also Read: Feel Good: Women making the first move takes the pressure off men
Kaya Biz with Gugulethu Mfiphi spoke to Rabashanga, who is a property expert, wealth coach and CEO of Wealth Creation Network about what to do to increase the value of your property.
Rabashanga said homeowners should consider the following variables when calculating the worth of their home: its location, size, comparables, finishes, renovations, condition, and school zone.
He spoke about how sometimes the problem with property value is the going price of properties in your neighbourhood, and that you can do all the renovations but it won’t drastically change the value of your property.
He emphasised that the true value of your home should be determined by yourself and your family.
“When it comes to the value of your property we do understand that there is value in terms of how much it is worth in the open market, however, the value of your property should be the what you and your loved ones get out of it,”
“If the property serves you well, whatever it is that you want to add or remove if it is going to make the quality of your life much better if it is going to make your life much simpler, if it is going to make it aesthetically pleasing for you, and you feel you would be fine with that should outweigh you needing to improve the value of your home at all cost,” said Rabashanga


