How do I determine the value of my New Jersey home?

When an individual has lived in a home for years, they may wonder what the home’s true value is. Has the value increased since it was purchased? How have renovations impacted the value of the home? Determining a home’s value is also important if the homeowner is thinking about selling. There are several ways that a homeowner can determine the value of their house. There are a lot of tools online that can give general ideas of a home’s values but aren’t totally accurate. That being said, if Zillow says your home is worth $10,000 more than an actual appraisal concludes, don’t be too surprised.

Hiring a professional home appraiser is often the most accurate way to determine the value of a home. Before approving a mortgage, a lender will require a home to be appraised. Some of the things that the home appraiser will take into consideration are the neighborhood that the home is located in, the property that the home sits on, improvements made to the house, general characteristics such as number of bedrooms/bathrooms and the year it was built, and comparisons to similar properties in the neighborhood.

If you are looking to sell your home but need an experienced attorney, contact our firm today.

Joseph Gachko, Esq. is an experienced New Jersey attorney who can assist you in any of your estate or real estate-related legal matters. If you require legal counsel for your real estate matters, please contact The Law Office of Joseph Gachko today to set up a consultation.