First of all, the most important factor to consider when estimating the value of a house can be considered as the location of the house. However, there are many factors other than the location where the house is located. Does the house have a view? Are the heating and cooling systems of the house sufficient? Do you have an idea for how to increase the value of your home? Does it have a smart home system? Is it heat-insulated? Is it built by earthquake regulations? Is there a loan opportunity? When you compare the figures obtained as a result of the calculation methods of all these elements, you can find out the real value of your investment.
You can use a real estate index on the Internet, and you can compare the value of places similar to the house you bought. You can compare the prices of other places in the region by entering your neighborhood, district, and province information. You can work with a local real estate agent. When you can follow this method, you will benefit from the real estate agent’s experience and knowledge of other places in the region. Apart from the estimating methods listed above, there is one more method that you can use to calculate the value of the house. For this method, you will need to learn the monthly rent of the house.
Increase the Value of Your Home
Increase the Value of Your Home – In Turkey, the average home value is calculated for the country as a whole 214 with a monthly rental cost. This monthly hire price will give you the value of your home. Even if the 214 calculates a monthly cost in Turkey, this is a different number for the province of Istanbul. The average rental price of 212 months is taken as the basis to calculate the value of a house in Istanbul. As it is known, every year, the rental price of the house increases up to a point. Although this increase is present, such an increase is not taken into account in such a calculation method.
Increase the Value of Your Home – The value of a house in a district may decrease or increase depending on the proximity of a street or a beach. Apart from these types of elements, there are important factors such as how many rooms the house you buy or will buy, which facade it looks at, which floor it is in, the number of floors of the building it is in, the digital infrastructure of the building and the age of the building. These factors are the answer to the question of how real estate valuation is done.