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In the fast-paced and ever-changing world of real estate, staying informed about your property’s value is crucial. Whether you’re planning to sell, refinance, renovate, or are simply curious about your investment’s worth, regular home evaluations provide useful insights. And when you do one with a Kesh Group REALTOR®? They are FREE!
We spoke with Sarah Ingram-Morris, one of our experienced and knowledgeable REALTORS®, to discuss the often overlooked benefits of home evaluations.
If you are getting ready to put your home up for sale, a home evaluation can provide a clear picture of how your property fits into the current market landscape. "When I do a home evaluation for a client, I am trying to understand how their home matches up to other homes on the market or that have sold recently," Sarah offered. "I want as much information about your home as possible, including any property updates, specific features, neighbourhood developments, and local amenities, so I can conduct a Comparative Market Analysis that will assist us in accurately and strategically pricing your home to sell and get you the greatest return on your investment."
Home evaluations are also a great way to understand the finer details of your investment. “Tracking your equity growth can be leveraged for financial purposes including major renovations, securing loans, refinancing, and general financial planning for the short-term and long-term future of your investment,” Sarah elaborated. “And don’t forget about insurance! Accurate property valuation helps ensure you have the right coverage for unforeseen events and saves you from more significant expenses in the future.”
Homeowners often only seek out a home evaluation when they are getting ready to sell, but Sarah believes that they should occur more often. “I’m a big believer in annual home evaluations, and sometimes even more frequent than that if you’ve done major renovations or if there is a big market shift,” Sarah expressed. “Do you keep an eye on your savings accounts and stocks? Of course, you do! So why wouldn’t you want to keep an eye on your home, which is one of your biggest financial and personal investments?”
Concerned that a home evaluation requires a ton of your time? Don't be! Preparing for a home evaluation with a Kesh Group REALTOR® is fairly simple since they will do all the necessary research and come to you, but Sarah did want to share some of her top tips to make sure the meeting goes smoothly. “First and foremost, have a record of any improvements or renovations that you’ve done to the house, including permits,” she emphasized. “You can say on a listing that you replaced the windows in the last year or that you put an addition on your home, but proof is power. Keep those records handy!”
And of course, first impressions are always important. “A well-maintained, decluttered, and clean home goes a long way in positively influencing the valuation of your property,” Sarah confirmed. “Presentation matters.”
Whether you’re planning a future sale or simply want to stay on top of your investment, scheduling a home evaluation is one of the best moves you can make as a homeowner so why not schedule one right away? Contact Sarah at 905-932-7031 to book your FREE no-obligation home evaluation today!